New Mining Charter requires minimum of 30% BEE shareholding

PUBLISHED: Thu, 27 Sep 2018 15:07:01 GMT

Gwede Mantashe, the Minister of Mineral Resources announced that the “once empowered, always empowered” clause of the previous Mining Charter would still be applicable. However, the gazetting of the 2018 Mining Charter upped the stakes for mining companies by announcing that the minimum BEE shareholding is set at 30 per cent. Sam Mokorosi, Managing Director of Corporate Finance from Vunani Capital joins CNBC Africa for more.