Mining Charter

Does the Mining Charter have any teeth? Written by Allan Reid via BDLive

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 […]

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Mining Charter and multinational suppliers – can anyone help me with this problem?

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

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The mining indaba, Susan, Tim and a dog named Boo (who is a front)

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

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Empowerment by (wrong) numbers – mining charter differentials, losing battle

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.

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Oceana challenges BEE in court

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.

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