SAIIA Occasional Paper No 259, June 2017
SAIIA Policy Insights No 44, May 2017
SAIIA Policy Insights No 41, March 2017
The recently gazetted 'Reviewed broad-based black-economic empowerment charter for the South African mining and minerals industry, 2016', stipulates that legally constituted trusts must be created by communities and workers respectively to hold ownership stakes in mining assets.
How drastically the world has changed since this time last year. The cumulative odds on a Trump electoral win and a ‘yes’ to the Brexit referendum were 20 to 1. This shows how poor we are at predicting events, Black Swan events especially. Nonetheless, fund managers are tasked with interpreting data and predicting future trends to allocate clients’ capital efficiently. With the 2017 ‘Investing in African Mining Indaba’ how should they be thinking?
The annual African Mining Indaba will take place from 6-9 February in Cape Town, connecting investors with mining companies and governments. On the sidelines of this conference, SAIIA will host two important events.
SAIIA Policy Briefing No 159, January 2017
The mineral resources minister recently gazetted an amended Mining Charter, which generated a good deal of controversy. Although the revised charter retains the principal target of achieving 26% ownership of mining companies by historically disadvantaged South Africans, it adds the requirement of retaining this level continuously. A further amendment stipulates that workers, through the establishment of employee share ownership plans (Esops), are to be allocated a minimum stake of 5% that counts towards the 26% total black economic empowerment (BEE) equity.
If Dickens were observing South Africa’s mining sector, in the context of an economy that is growing at less than one percent a year, and a political landscape fractured by state capture and ratings downgrade threats, he may have started his famous novel with the line, ‘It was the worst of times’, and left it at that. Mining production has declined 18% year-on-year to May and job losses are growing.
The single most significant thing that President Zuma acknowledged in his ‘State of the Nation Address’ last week was the risk of a credit rating downgrade for South Africa:
There is growing interest in the commercial value of South Africa’s coastal zones, primarily for sand mining to supply the construction sector. While stakeholders, including resident communities, recognise the potential for economic development and employment, there are also significant negative environmental and livelihood consequences.
The annual African Mining Indaba takes place from 8-11 February 2016 in Cape Town, the flagship event for investors, mining companies and governments. But what happens at the Indaba? What are the concerns?
The Mining Indaba, hosted annually in Cape Town, has arrived. However, the outlook for commodity prices is arguably the worst it has been since 2008, and China’s bumpy economic landing is not helping.
On 8 February 2016, a SAIIA Mining Indaba Roundtable in Cape Town on ‘Contested Spaces: Mining and South Africa’s Coastal Zones’ attracted government, business and civil society to engage in some excellent debates.
Billed as the premier annual event for African mining interests, the 2016 Mining Indaba will take place in Cape Town from 8 to 11 February. But what is being discussed at the Indaba? Are all interests equally represented? And what do research institutes on the ground across Africa think about what is being decided there?
Dear Editors and Journalists
The annual African Mining Indaba will take place from 8-11 February in Cape Town, despite a constrained low-commodity price environment and substantial asset impairments among some of the world’s major mining houses. The conference aims to connect investors with mining companies and governments. On the side lines of this conference, SAIIA will host two important events.
Despite a constrained low-commodity price environment, and substantial asset impairments among some of the world’s major mining houses, the annual African Mining Indaba will take place from 8-11 February in Cape Town. The conference aims to connect investors with mining companies and governments. On the side lines of this conference, SAIIA will host two important events.
SAIIA Occasional Paper No 224, November 2015