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In some business industries it doesn’t have to be new things that affects the business. With B-BBEE the Mining Charter is one important factor that affects how B-BBEE scores are allocated.

In June last year, Mining Minister Mosebenzi Zwane gazetted the new Mining Charter which led to the Chamber of Mines to approach the court. The Mining Charter believes that the charter will have a far-reaching negative impact on an industry which is already struggling to keep afloat, if implemented in its current format. The original court date for this matter was the 13th and 14th December 2017 and was supposed to be heard by a full bench of the High Court. The judge was then concerned that the two days will not be enough for this matter and postponed the chamber’s application for the review to February 19, 20 and 21 2018.

“The Chamber of Mines claims Zwane passed the Mining Charter unilaterally and did not engage with it on any issues, while Zwane has argued that the charter was the culmination of extensive consultation with “60 stakeholders” inside and outside government.” – Read News 24/ Fin24 27.11.207
The Minister of Trade and Industry Dr Rob Davies has gazetted the Amended AgriBEE Sector Code for implementation by entities in both public and private sector. Minister Rob Davies says that the sector code will serve as guidelines for transformation of the agricultural sector. It replaces the old AgriBEE Sector Code which was gazetted in December 2012.” The Minister says that agriculture is bedrock of our economy and a very important contributor to its development. “This is evident by the latest 2017 thrird quarter Statistics on Gross Domestic Product which shows that agriculture production has risen by 44.2% and was the main driver of the 2% GDP growth of the third quarter” states Davies. According to Minister Davies, the Amended AgriBEE Sector Code is recognising initiatives that will enhance the sector. – See article B-BBEE is a major economic indicator in South Africa and business operations need to have B-BBEE certificate in order to render or receive tenders.
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