https://www.polity.org.za
Deepening Democracy through Access to Information
Home / Statements RSS ← Back
Africa|Charter|Energy|Mining|Resources
Africa|Charter|Energy|Mining|Resources
africa|charter|energy|mining|resources
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

Mining Charter: No appeal by department welcomed

Close

Embed Video

Mining Charter: No appeal by department welcomed

23rd November 2021

ARTICLE ENQUIRY      SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

/ MEDIA STATEMENT / The content on this page is not written by Polity.org.za, but is supplied by third parties. This content does not constitute news reporting by Polity.org.za.

Solidarity today welcomed the announcement by the Department of Mineral Resources and Energy that it would not appeal against the recent High Court ruling on the Mining Charter. Solidarity was one of the stakeholders in the matter.
 
This announcement follows after the High Court set aside certain clauses of the Mining Charter. Consequently, the once empowered, always empowered principle will now be adopted and the charter will be regarded as a policy document rather than subordinate legislation, the result being that for the most the charter’s clauses will not be enforceable.
 
“We are pleased with the Department’s decision especially given the legal certainty it brings. We believe that this decision will lead to more investment in the mining sector which is needed for job creation in the mainstream economy,” Solidarity General Secretary Gideon du Plessis said.
Du Plessis further pointed out that although the court ruling and the Department’s subsequent decision could be regarded as a victory for the Minerals Council South Africa and would be welcomed by investors, it should be borne in mind that the workers who forfeit their right to 5% shareholding are the main losers. The 5% carried interest would have replaced the predominantly worthless employee share ownership plan (ESOP).
 
“We are determined to protect the interests of our members at all times. This means that the issue of employee shareholding would now be driven more prominently at the negotiating table by us and by the other unions as a way of ensuring that our members will still get what they deserve,” Du Plessis concluded.   
 
 

Issued by Solidarity General Secretary, Gideon du Plessis
 

Advertisement
To watch Creamer Media's latest video reports, click here
 
Advertisement

EMAIL THIS ARTICLE      SAVE THIS ARTICLE ARTICLE ENQUIRY

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now