Tag: Black Economic Empowerment (BEE)

The 2017 Mining Charter, 50% black representation on Board level
Business Mining South Africa

The 2017 Mining Charter, 50% black representation on Board level

The 2017 Mining Charter requires at-least 50% black representation on Board Level, 25% of which must be black females; at an executive/top management level. “Holders who have maintained a 30% black shareholding will not be required to restructure their shareholding,” Mineral Resources Minister Mosebenzi Zwane said. Addressing a media briefing in Pretoria on Thursday, Minister […]

The 2017 Mining Charter  “requires” 30% Black ownership
Breaking News Business Mining South Africa

The 2017 Mining Charter “requires” 30% Black ownership

The 2017 Mining Charter has increased the level of black ownership in mining companies from 26% to 30%. “Holders who have maintained a 30% black shareholding will not be required to restructure their shareholding,” Mineral Resources Minister Mosebenzi Zwane said. Addressing a media briefing in Pretoria on Thursday, Minister Zwane said the 30% ownership requirement […]