SAIIA Occasional Paper No 283, June 2018
Ross Harvey, senior researcher in our Governance of Africa's Resource Programmme, unpacks our latest research on boosting the sustainability of mining in South Africa to create positive spinoffs for mining communities, mining companies and the environment:
SAIIA Ocassonal Paper No 279, May 2018
The South African government and the Chamber of Mines are in the process of formulating a new Mining Charter. The charter serves as a blueprint for transforming the mining industry. Its primary aim is to benefit people who were disadvantaged under colonialism and apartheid. The sector was particularly exploitative and left a destructive legacy. Hence the need for a social compact.
SAIIA Policy Insights No 55, April 2018
Hot on the heels of Davos, the Investing in Africa Mining Indaba provides an opportunity for the new ANC president, Cyril Ramaphosa, to send the right signals to the local mining industry and civil society to renew confidence in the sector. South Africa’s mining industry remains a critical component of the economy; a potential flywheel for upstream manufacturing, downstream beneficiation, and horizontal spillovers. If we are to address the problems of youth unemployment, poverty and inequality, due attention must be paid to reviving the mining industry. Doing so will also have positive latent effects on the health of South Africa’s political economy.
The annual African Mining Indaba will take place from 5-8 February 2018 in Cape Town, connecting investors with mining companies and governments. On the side-lines of this conference, SAIIA will host its annual Change Makers event.
On the eve of the 2017 Johannesburg Mining Indaba, the Chamber of Mines declined an invitation to the opening gala dinner — part of continuing conflict between the state and the industry over the controversial new Mining Charter.
SAIIA Occasional Paper No 266, June 2017
SAIIA Occasional Paper No 264, July 2017
SAIIA Policy Insights No 50, July 2017
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.