<p>South Africa President Cyril Ramaphosa&#8217;s widely anticipated Cabinet reshuffle took place at 10pm CAT this evening  &#8211; it was delayed for 1 hour and 30 minutes. South Africa&#8217;s</p>
<p>In his announcement he said:</p>
<p>I have decided to make certain changes in the composition of the National Executive.</p>
<p>These changes are intended to ensure that national government is better equipped to implement the mandate of this administration and specifically the tasks identified in the State of the Nation Address.</p>
<p>In making these changes, I have been conscious of the need to balance continuity and stability with the need for renewal, economic recovery and accelerated transformation.</p>
<p>As indicated in the State of the Nation Address, we have begun a review of the configuration, size and number of national Ministries and Departments.</p>
<p>We will retain the existing Ministries and Departments until that review is completed.</p>
<p>With respect to Ministers, I have decided to make the following changes:</p>
<ul>
<li>Communications: Ms Nomvula Mokonyane</li>
<li>Energy: Mr Jeff Radebe</li>
<li>Higher Education and Training: Ms Naledi Pandor</li>
<li>Home Affairs: Mr Malusi Gigaba</li>
<li>Human Settlements: Ms Nomaindia Mfeketo</li>
<li>International Relations and Cooperation: Ms Lindiwe Sisulu</li>
<li>Mineral Resources: Mr Gwede Mantashe</li>
<li>Police: Mr Bheki Cele</li>
<li>Public Enterprises: Mr Pravin Gordhan</li>
<li>Public Service and Administration: Ms Ayanda Dlodlo</li>
<li>Public Works: Mr Thulas Nxesi</li>
<li>Rural Development and Land Reform: Ms Maite Nkoana-Mashabane</li>
<li>Science and Technology: Ms Nkhensani Kubayi-Ngubane</li>
<li>Social Development: Ms Susan Shabangu</li>
<li>Sport and Recreation: Ms Tokozile Xasa</li>
<li>State Security: Ms Dipuo Letsatsi-Duba</li>
<li>The Presidency: Planning, Monitoring and Evaluation: Dr Nkosazana Dlamini-Zuma</li>
<li>The Presidency: Women: Ms Bathabile Dlamini</li>
<li>Tourism: Mr Derek Hanekom</li>
<li>Transport: Dr Blade Nzimande</li>
<li>Water and Sanitation: Mr Gugile Nkwinti</li>
</ul>
<p>With respect to Deputy Ministers, I have made the following changes:</p>
<ul>
<li>Agriculture, Forestry and Fisheries: Mr Sfiso Buthelezi</li>
<li>Communications: Ms Pinky Kekana</li>
<li>Finance: Mr Mondli Gungubele</li>
<li>Public Service and Administration: Dr Chana Pilane-Majeke</li>
<li>Small Business Development: Mr Cassel Mathale</li>
</ul>
<p>The positions of Deputy Minister of Public Enterprises and Deputy Minister in the Presidency for Planning, Monitoring and Evaluation will remain vacant.</p>
<p>Pending the completion of their swearing-in as Members of the National Assembly, I intend to further appoint:</p>
<ul>
<li>Mr David Mabuza as the Deputy President of the Republic</li>
<li>Dr Zweli Mkhize as Minister of Cooperative Governance and Traditional Affairs</li>
<li>Mr Nhlanhla Nene as Minister of Finance</li>
<li>Ms Reginah Mhaule as Deputy Minister of International Relations and Cooperation</li>
</ul>
<p>The new Ministers and Deputy Ministers will be sworn in in Cape Town tomorrow.</p>
<p>I wish to express my appreciation to all outgoing Ministers and Deputy Ministers for their service to government and to the people of South Africa.</p>
<p>I thank you for your attention.</p>
<p>Good evening.</p>


#Cabinetreshuffle: Full list of SA’s President Cyril Ramaphosa’s new cabinet

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<p>Private investors are becoming increasingly optimistic about the economic benefits that can be created by junior miners. Thomas Kgokolo, Financial Director, DM Minerals talks more about this and some of the risks involved in junior mining.</p>


Investing in Africa’s junior miners

<p>South Africa’s new president Cyril Ramaphosa has compiled a hit list of top ministers he plans to recall as he settles into office. It includes finance minister Malusi Gigaba and controversial mining minister Mosebenzi Zwane.</p>
<p>New broom Ramaphosa – who promises to clean up corruption &#8211; is clearly trying to consolidate his new position by jettisoning loyalists put into cabinet in the last days of former President Jacob Zuma’s rule. Ramaphosa was sworn in on Thursday in Parliament after embattled former President Zuma resigned on February 14 at the eleventh hour.</p>
<p>[WATCH] <a href="http://cnbc.africa/videos/2018/02/15/ramaphosa-must-be-brave-enough-to-rid-cabinet-of-corruption-says-former-jse-ceo-russell-loubser/">Ramaphosa must be brave enough to rid cabinet of corruption, says former JSE CEO Russell Loubser</a></p>
<p>A document, seen by CNBC Africa, is understood to be from the chief whip’s office lists ANC deployees to be recalled including: Gigaba, his deputy Sfiso Buthelezi; the luckless mining minister Zwane; energy minister David Mahlobo the proponent of the unpopular nuclear power deal; social development minister Bathabile Dlamini; police minister Fikile Mbalula;  minister of cooperative governance and traditional affairs Des Van Rooyen; minister of state security Bongani Bongo; and minister of water and sanitation Nomvula Mokonyane.</p>
<p><strong>READ:</strong> <a href="http://cnbc.africa/news/southern-africa/2018/02/15/zuma-finally-falls-sword-not-threatening-take-house/">Zuma finally falls on his sword: but not before threatening to take the house down with him</a></p>
<p>The documents also contain a list of new members of Parliament to be sworn in at the Chief Whip’s Office in Parliament Chambers in 90 Plein Street, Cape Town.</p>
<p>The list, also seen by CNBC Africa, has former Treasurer General of the ANC Zweli Mkhize- who declined a deputy president nomination at the ANC’s elective conference in December &#8211;  is at the top. Mkhize is being touted as a replacement for Gigaba as finance minister.</p>
<p>Also on the list is Ronald Lamola, the former deputy president of the ANC Youth League; Rhulani Siweya another ANCYL member; David Masondo, an ANC member who tabled a motion, in January, for President Zuma to step down; Senzo Mchunu, the former KwaZulu-Natal premier who missed out narrowly on a top position at the elective conference in December; Vukani Mdabe, a former presidential campaign lobbyist for Ramaphosa; and Zizi Kodwa the former national spokesman for the ANC.</p>


New broom Cyril Ramaphosa’s hit list

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<p>South Africa’s mining industry is at a turning point and there are a number of changes that will need to be made in terms of policy to ensure that the country can reap the benefits of the industry. CNBC Africa&#8217;s Rofhiwa Madzena spoke with Yunus Hoosen, Acting Head: Investment Promotion, Department of Trade and Industry. </p>


How the 4th industrial revolution impacts miners

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<p>Africa Chrome Fields, which is owned by non-listed South African company Moti Holdings, announced in 2014 that it would invest over $200 million into a mining project in Kwekwe, Zimbabwe.</p>


Why Africa Chrome Fields is investing millions into Zimbabwe

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<p>Given its abundant mineral resources, Zimbabwe is hoping that the change in leadership will help unlock the country’s investment opportunities in the mining sector.</p>


Africa Chrome Fields’ John Drummond on the mining landscape in Zimbabwe

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<p>Gecamines, a base metals company owned by the government of Democratic Republic of Congo will be renegotiating its contracts with international mining partners operating in the country but what will this mean for future investment in the country?</p>


DRC’s Gecamines to renegotiate contracts

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<p>In an uncertain political and economic environment, South Africa is still an investment destination. These were some of the insights shared by Khanyisile Kweyama, Chairperson of the Brand SA at this year&#8217;s Mining Indaba.</p>


SA has the edge, abundance in mining – Brand SA

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<p>Is South Africa’s mining industry ready to take full advantage of the 4th industrial revolution and how it’s altering mining operations globally? Kingsley Makhubela, CEO, BrandSA shares more on South Africa’s state of readiness at the 2018 Mining Indaba.</p>


Here’s how SA mining can take advantage of the 4th industrial revolution

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<p>Over the last few years, a recurring theme at the annual Investing in African Mining Indaba has been the uncertainty in the South African mining industry.</p>


Transformation is imperative and must happen – Oliphant

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<p>Given its abundant mineral resources, Zimbabwe is hoping that the change in leadership will help unlock the countries investment opportunities in the mining sector. CNBC Africa caught up with the Minister of Mines and Development, Winston Chitando.</p>


Is now the time to invest in Zimbabwe’s mining sector?

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<p>How will the volatility of the commodities markets impact Africa&#8217;s mining outlook? Shirley Webber, Head: Natural Resources, Absa discusses this and more on the side-lines of the 2018 Mining Indaba.</p>


Absa’s investment outlook for Africa’s mining sector

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<p>The cautious optimism of local and global investors is one of the themes that dominate this year’s Mining Indaba taking place in Cape Town, South Africa. CNBC Africa’s Rofhiwa Madzena spoke with Shirley Webber, Head: Natural Resources, Absa.</p>


Mining Charter has not derailed mining investment – Absa

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<p>Companies are increasingly considering merger and acquisition activity which may contribute to possibilities for consolidation and restructuring in an ever changing mining industry. Craig Brewer, Co-Head: Banking, Absa.</p>


The hottest trends in mining now, how SA can be part of investment opportunities

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<p>Despite South Africa&#8217;s mining industry saying it has lost all confidence in Mosebenzi Zwane, the country&#8217;s Minister of Mineral Resources, the minister has expressed that he is still committed to working with industry stakeholders.</p>


#MiningIndaba2018: SA’s Mineral Resources Minister Mosebenzi Zwane responds to critics

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<p>The weekend papers carried stories alleging that the Hawks and the NPA was close to issuing arrest warrants for Mineral Resources Minister Mosebenzi Zwane and the Gupta brothers.</p>


Hawks comment on arrest allegations on mines minister

<p>The first three months of 2018 will be crucial to the flickering fortunes of Africa’s most advanced mining industry. They are likely to be months littered with litigation argument and acrimony.</p>
<p>The resource rich industry of South Africa – once a world leader in mining employing a million people and producing more than half of the world’s gold –has seen more than two decades of decline. Corruption, falling productivity, rising costs and dithering over regulation have taken a heavy toll.</p>
<p>In 2016, according to Statistics South Africa the South African mining industry’s real GDP was 2.6% smaller than it was in 1994.The financial services sector grew by 168% over the same period. On top of this, the South African mining sector has slid, according to Fraser Institute Investment Attractiveness Index that measures best practice in policy, legislation, regulation and operating environment.</p>
<p>Hanging above all of this is a court result and a judicial hearing regarding a controversial rewrite of the <a href="http://cnbc.africa/news/southern-africa/2017/06/15/chamber-mines-seek-legal-opinion-mining-charter/">Mining Charter</a> that has taken more than five years to get nowhere. It was released in April, after minimal consultation, to outrage from the Chamber of Mines. The mining companies objected to the increase of black ownership from 26% to 30% to be maintained at all times.</p>
<p>This is the issue that the Chamber of Mines took to the <a href="http://cnbc.africa/news/southern-africa/2017/11/27/court-challenge-south-africa-mining-charter-postponed-february/">Gauteng High Court in November</a>. The mining companies argue that a “once empowered always empowered” principle should apply; in that once a mining company has borne the cost of transferring shares into black ownership it is deemed to have done its job regardless of any dilution of the stake. The Chamber of Mines hopes for a judgement in the first quarter of 2018-victory in court could send the Mining Charter back to the drawing board.</p>
<p>&#8220;A full bench of three judges heard this case. This is one reason why the decision is going to take a while. The three judges have to arrive at a majority decision and that takes time, but we are hoping to have a decision by the end of March. I think it was a difficult case and not easy to argue from a legal perspective. I am optimistic, but it will be a tough one,&#8221; says Elize Strydom, the head of legal for the Chamber of Mines.</p>
<p>The mining employers pin higher hopes on the judicial review of the amended Mining Charter, set for February 19 20 and 21, again at the Gauteng High Court, again before a full bench of three judges led by senior High Court Judge Dunstan Mlambo.</p>
<p>Observers believe this case, in particular, is likely to bring a lot of pressure down on Mining Minister Mosebenzi Zwane. In this judicial review, it will not merely be the mining employers against the Mining Charter, there will be seven organisations that number the unions, including the National Union of Mineworkers and Solidarity, plus Lawyers for Human Rights representing communities who live near the mines.</p>
<p>&#8220;I think the review is a lot easier for us because there are so many flaws and measures in the Mining Charter that are beyond the powers of the minister. For instance, the minister indicated that 2% of the proposed 5% skills levy is to go to an empowerment agency that he has yet to create. This is not in his power to do this &#8211; that is within the power of the minister of finance. What we hope is that the minister will have to start again from scratch. Then we can sit down with the unions and interested parties to come up with something that we can all work with,&#8221; Strydom said.</p>
<p>Whether minister Zwane will be there to negotiate is another question amid the uncertainty. Moves are growing apace to encourage President Zuma to resign early in a dignified exit that will mean the dissolving of cabinet.</p>
<p>A new broom could mean renewed confidence among foreign investors with president-elect Cyril Ramaphosa being painted as the mining-savvy, business-friendly, leader.</p>
<p>Whoever takes over, at least one political analyst believes the damage has been done more than a decade ago with the advent of the Minerals Resources and Petroleum Development Act. The legislation ushered in black empowerment and virtually nationalised the country&#8217;s mineral rights overnight.</p>
<p>&#8220;I think foreign investors have been fighting shy of South African since the mineral resources were taken over by the government in the early 2000s. I don&#8217;t think the removal of one man is going to suddenly make the mining investors in Toronto and London think we are a great place to invest. I think the country has to improve its economic fundamentals first. The country has massive unemployment, too much spending on welfare and this lingering political chaos,&#8221; says Moeletsi Mbeki, a political analyst.</p>
<p>If the Chamber of Mines carries the day at the judicial review it is likely judges will instruct that the Mining Charter be torn up.  That could trigger a rewrite process that could take even more years and with it bring even more uncertainty.</p>


Mosebenzi Zwane

#Cabinetreshuffle: Full list of SA’s President Cyril Ramaphosa’s new cabinet

Investing in Africa’s junior miners

New broom Cyril Ramaphosa’s hit list

How the 4th industrial revolution impacts miners

Why Africa Chrome Fields is investing millions into Zimbabwe

Africa Chrome Fields’ John Drummond on the mining landscape in Zimbabwe

DRC’s Gecamines to renegotiate contracts

SA has the edge, abundance in mining – Brand SA

Here’s how SA mining can take advantage of the 4th industrial revolution

Transformation is imperative and must happen – Oliphant

Is now the time to invest in Zimbabwe’s mining sector?

Absa’s investment outlook for Africa’s mining sector

Mining Charter has not derailed mining investment – Absa

The hottest trends in mining now, how SA can be part of investment opportunities

#MiningIndaba2018: SA’s Mineral Resources Minister Mosebenzi Zwane responds to critics

Hawks comment on arrest allegations on mines minister

2018 will be crucial to the flickering fortunes of Africa’s most advanced mining industry

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Mosebenzi Zwane

#Cabinetreshuffle: Full list of SA’s President Cyril Ramaphosa’s new cabinet

Investing in Africa’s junior miners

New broom Cyril Ramaphosa’s hit list

How the 4th industrial revolution impacts miners

Why Africa Chrome Fields is investing millions into Zimbabwe

Africa Chrome Fields’ John Drummond on the mining landscape in Zimbabwe

DRC’s Gecamines to renegotiate contracts

SA has the edge, abundance in mining – Brand SA

Here’s how SA mining can take advantage of the 4th industrial revolution

Transformation is imperative and must happen – Oliphant

Is now the time to invest in Zimbabwe’s mining sector?

Absa’s investment outlook for Africa’s mining sector

Mining Charter has not derailed mining investment – Absa

The hottest trends in mining now, how SA can be part of investment opportunities

#MiningIndaba2018: SA’s Mineral Resources Minister Mosebenzi Zwane responds to critics

Hawks comment on arrest allegations on mines minister

2018 will be crucial to the flickering fortunes of Africa’s most advanced mining industry

News Tips

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