Tag Archives | Mining Charter

Unchanged credit rating by Moody’s good news for South Africa

Find attached soundbites in English and Zulu from Alf Less MP. The decision by Moody’s to hold South Africa’s sovereign credit rating at “Baa3”, with a “stable outlook”, is good news for the South African economy. This comes after a series of bad news stemming from negative ratings from ratings agencies. These negative ratings were…

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DA welcomes halting of Mining Charter

The DA welcomes the suspension of the disastrous Mining Charter, pending the outcome of the Chamber of Mine’s urgent interdict application. The release of the latest version of the Chatter caused an astounding R50 billion market value loss in mining shares, in just one fell swoop. It must said that the DA supports share schemes…

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New Mining Charter is the ANC’s suicide note for the industry

The Revised Mining Charter put forward by Minister of Mineral Resources, Mosebenzi Zwane, will cause a tragic loss of jobs if implemented. New mining investment is already almost non-existent. This will ensure that it disappears altogether. The document does not give any reassurances that broad-based empowerment  – that benefits the people most in need –…

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