Draft Mining Charter Three not an effective tool to achieve mining industry transformation – law firm

The draft reviewed Mining Charter Three is not an effective tool to achieve the transformation of the mining industry, says law firm Cliffe Dekker Hofmeyr crossborder mergers and acquisitions Africa and Asia head Deepa Vallabh. Speaking at a ‘State of the South African mining industry’ seminar, in Johannesburg, on Wednesday, Vallabh  stressed that, while transformation in the mining industry was imperative for South Africa’s national transformation objectives, “the fact that government pushes policy and legislation that is unclear, creates uncertainty, and in many instances is [not] implementable is . . . a joke to the objectives that they are setting to redress the imbalances and disparities that exist in our industry”.