LEGISLATIVE ENVIRONMENT
The South African mining industry has had a tumultuous time because of the controversial Reviewed Draft Broad-Based Black Economic Empowerment Charter for the South African Mining and Minerals Industry, also known as Mining Charter III, which, amid lingering political uncertainty, led to low investor confidence and continuing breaches of trust between government and industry, resulting in declining constructive engagement. The charter and its potential impact remain the headline cause of concern for the industry, say many industry commentators.
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