On February 2 this year, took place the Red Hot Chili Peppers concert at Soccer City. There were...
According to reports, South African’s parliament members seek amendments in order to make strong the mining chart of the country.
Also, it is bent on making sure that by 2014, the industry is owned by at most 26% of the blacks in the country as companies are said to be inaccurate in giving blacks a better percentage of the mining industry.
The charter of the sector is an aspect of the empowerment move to push the biggest economy in Africa, in terms of correcting disputes in the ‘white apartheid rule’.
However, it said: “This was wildly at odds with the findings of the South African Mineral Development Association, which found that black ownership of the Johannesburg bourse's top 25 miners was only around 4.5 percent of their market capitalization last year”.
Moreover, attaining the goals of the charted is said to be a clear way of ensuring major elements for the ANC, which is headed by the youth league. It sets to nationalize the industry as well as putting more focus on urgent matters affecting the country like unbalanced race ownership, unemployment and poverty.