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Mining Charter could hinder South Africa’s economic growth – Solidarity

Contributing Editor Online
Trade union Solidarity says that 25 177 jobs have been affected by retrenchments in the mining industry in 2017 and points to the much-talked-about contentious Mining Charter Three as a major contributing factor. “The Mining Charter puts a damper on the industry and is conducive to mining companies withholding investment at a time when a favourable investment environment should rather be created,” states Solidarity research industry head Connie Mulder. Speaking to Mining Weekly Online on Wednesday, he said that the charter would have a ripple effect that could sink the mining industry’s future.

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