It's not often that I post an entire article. This is one of the most thorough analyses of the Minerals Charter. It was written by Allan Reid, who is a director and head of mining at Cliffe Dekker Hofmeyr. It was lifter wholesale from BDLive this morning. I have marked those points that I think […]
Does the Mining Charter have any teeth? Written by Allan Reid via BDLive Read More »
There is a little dilemma facing a client of mine who is a multinational and a supplier to Anglo. The BBSEE Charter has these targets for procurement Description Measure Compliance Target by 2014 Procurement spent from BEE Entity Capital Goods 40% Services 70% Consumable goods 50% Multinational suppliers contribution to the social fund Annual spend
Mining Charter and multinational suppliers – can anyone help me with this problem? Read More »
A journalist called me last night to ask me about the mining charter. I am quite familiar with it but it did require a little bit of touch-up research. The BEE codes of good practice are badly written, to put it politely, a feature that almost every other code that has followed the generic codes
Mining Charter and beneficiaries Read More »
Good news is hard to come by these days and this blog doesn't exactly stand out as the great good news blog. At the moment the mining industry is not happy with our esteemed leaders' incompetence (that's plural) that manifests itself in (this list in not exclusive) mixed messages, inconsistent BEE policies and the application
A good news post on this blog Read More »
"The mining industry is facing challenges, it is visibly clear that urgent interventions need to be put in place to enhance workers' skills," she said at a black business awards ceremony in Boksburg. "The mining industry needs to transform to make sure that we are able to be competitive, but are also able to contribute
Mining industry needs transformation: Shabangu Read More »
The Broad-Based Black Economic Amendment Bill was published by the Department of Trade and Industry for public comment on 9 December 2011. The period for public comment ended on 8 February 2012. One section of the Amendment Bill provided that: “If any conflict relating to the matters dealt with in this Act arises between this
Amendment to the BEE Bill Read More »
SA’s mining experts say the way the royalties tax works in practice leans away from the initial idea of a tax on turnover, and towards a tax on profits. In any event, it’s questionable whether SA’s tax is lower than the international average, particularly if the cost of BEE is included. The document itself tabulates
The mining indaba, Susan, Tim and a dog named Boo (who is a front) Read More »
Instead of a plethora of verification bodies, the government and the industry need to set up a single, authoritative body that should be mandated to provide not just a final level of black ownership, but all of the significant details and proportions. Too much rides on this number to be sloppy or unclear about it.
Empowerment by (wrong) numbers – mining charter differentials, losing battle Read More »
No it ain't all me own werk – in fact I didn't write any of it. This is a somewhat brief update on the mining charter. It's worth the read. What it doesn't cover is where the charter sits at the moment. Wessel Badenhorst suggests that it is in fact law, but with the recent
Overview of the mining charter (from Werksmans) Read More »
Oceana contests what it considers is government’s overly narrow interpretation of BEE. CAPE TOWN – Fishing company Oceana and the government, represented by the Department of Agriculture Forestry and Fisheries came head to head last month when they met in court to contest what Oceana considers is government’s overly narrow interpretation of black economic empowerment.
Oceana challenges BEE in court Read More »
