{"id":462527,"date":"2018-10-04T19:20:19","date_gmt":"2018-10-04T18:20:19","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=462527"},"modified":"2018-10-04T19:20:19","modified_gmt":"2018-10-04T18:20:19","slug":"south-africa-adopts-new-mining-charter-to-correct-economic-inequalities","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/10\/04\/south-africa-adopts-new-mining-charter-to-correct-economic-inequalities\/","title":{"rendered":"South Africa adopts new mining charter to correct economic inequalities"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The South African government has unveiled a new mining charter that requires mining companies to increase the share of their shareholding owned by blacks from 26 to 30% of their capital.<br \/>\nAccording to mines minister Gwede Mantashe, speaking on Thursday (September 27th) to the press, this measure aims to correct the economic inequalities inherited from apartheid. &#8220;This distribution must be effective in the next five years and must be distributed among employees (at least 5%), the communities that shelter the mines (at least 5%) and entrepreneurs (at least 20%)&#8221;. he added.<br \/>\nThe authority to point out that the new charter, which was the subject of seven months of heated debate between the government and the mining industry, was adopted by &#8220;consensus among stakeholders&#8221;.<br \/>\nIndeed, 24 years after the official end of the apartheid regime, the country&#8217;s wealth still remains largely concentrated in the hands of the white minority, which represents 8% of the South African population.<br \/>\nAs a reminder, the mining sector employs some 460,000 people in South Africa, but contributes only 5.1% of its revenues.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The South African government has unveiled a new mining charter that requires mining companies to increase the share of their shareholding owned by blacks from 26 to 30% of their capital. According to mines minister Gwede Mantashe, speaking on Thursday (September 27th) to the press, this measure aims to correct the economic inequalities inherited from<\/p>\n","protected":false},"author":533179,"featured_media":462533,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12032,11996],"tags":[15451,556],"class_list":{"0":"post-462527","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-commodities-en","8":"category-finance-en","9":"tag-gwede-mantashe","10":"tag-south-africa","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>South Africa adopts new mining charter to correct economic inequalities - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2018\/10\/04\/south-africa-adopts-new-mining-charter-to-correct-economic-inequalities\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-04T18:20:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2018\/10\/sibanye-gold-disaster_0-696x393.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"393\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ndeye Magatte Kebe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ndeye Magatte Kebe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/10\\\/04\\\/south-africa-adopts-new-mining-charter-to-correct-economic-inequalities\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/10\\\/04\\\/south-africa-adopts-new-mining-charter-to-correct-economic-inequalities\\\/\"},\"author\":{\"name\":\"Ndeye Magatte Kebe\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/55de6f6c153173c36b1543ff83ebe25e\"},\"headline\":\"South Africa adopts new mining charter to correct economic inequalities\",\"datePublished\":\"2018-10-04T18:20:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/10\\\/04\\\/south-africa-adopts-new-mining-charter-to-correct-economic-inequalities\\\/\"},\"wordCount\":178,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/10\\\/04\\\/south-africa-adopts-new-mining-charter-to-correct-economic-inequalities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/10\\\/sibanye-gold-disaster_0-696x393.jpg\",\"keywords\":[\"Gwede Mantashe\",\"South Africa\"],\"articleSection\":[\"Commodities\",\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/10\\\/04\\\/south-africa-adopts-new-mining-charter-to-correct-economic-inequalities\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/10\\\/04\\\/south-africa-adopts-new-mining-charter-to-correct-economic-inequalities\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/10\\\/04\\\/south-africa-adopts-new-mining-charter-to-correct-economic-inequalities\\\/\",\"name\":\"South Africa adopts new mining charter to correct economic inequalities - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/10\\\/04\\\/south-africa-adopts-new-mining-charter-to-correct-economic-inequalities\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/10\\\/04\\\/south-africa-adopts-new-mining-charter-to-correct-economic-inequalities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/10\\\/sibanye-gold-disaster_0-696x393.jpg\",\"datePublished\":\"2018-10-04T18:20:19+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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