How South African Empowerment Rules Could Impact Mining

The transcript discusses the lack of consultation between the government and the mining industry regarding the Mining Charter. It highlights concerns about the impact on investment, the community development levy, and historical issues related to apartheid. The transcript also touches on the controversy surrounding the mining minister's links to the Gupta family.

What was a major concern for the mining industry regarding the government's approach to the Mining Charter?

• The government consulted too frequently with the industry.

• The government adopted the Mining Charter without industry input.

• The government increased taxes on mining companies.

• The government reduced the number of mining licenses.

What principle was removed in the draft version of the Mining Charter that concerned the industry?

• Once empowered, always empowered

• Sustainable mining practices

• Environmental protection

• Equal employment opportunities

Why is the levy on revenue for community development considered problematic by the mining companies?

• It is too low to make a difference.

• It is seen as a form of tax outside the Department of Mineral Resources' competence.

• It is only applicable to new mining companies.

• It is not enforced by the government.

What historical argument is made regarding the mining industry's past actions during apartheid?

• The industry was not involved in apartheid.

• The industry is still paying for its iniquities of apartheid.

• The industry has done nothing to address past injustices.

• The industry has fully atoned for its past actions.

What controversy surrounds the mining minister in relation to the Gupta family?

• The minister has publicly denounced the Gupta family.

• The minister is allegedly linked to the Gupta family.

• The minister is accused of being an honest broker.

• The minister has no known connections to the Gupta family.