It is becoming more difficult to read the official word on transformation. Zumachine Gun doesn't say anything ever, which is of course his wont. jungle has a very clear idea of transformation, or is it that clear. A black woman is elected president of BUSA and the BMF describes it as a blow for transformation. Then realising that they are now without doubt the biggest idiots on the political and business landscape, they retract it. This has earned jungle the coveted accolade of the Sunday Times' mampara of the week. It makes me wonder when Manyi is going to be Malema'd.
Anyway I found a blog post written by Lebogang Mokwena, formerly of KIO Advisory Services - that company that found that transformation in the mining sector was sorely lacking. It actually is very well written - full of delightfully archaic terminology like "eventuality" (as used so brilliantly by George Harrison in the grotty scene in a Hard days night)
She argues that if mining companies don't comply with the legislation the DME could invoke section 47 of the Mineral and Petroleum Resources Development Act (MPRDA)
The Minister may cancel or suspend any reconnaissance permission, prospecting right, mining right, mining permit or retention permit if the holder thereof
a) is conducting any reconnaissance, prospecting or mining operation in contravention of this act
b) breaches any material term or condition of such right, permit or permission
c) is contravening the approved environmental management programme or
d) has submitted inaccurate, incorrect or misleading information in connection with any matter required to be submitted under this act
After mentioning the undiscovered economic consequences of cancelling a licence because of non-compliance with the mining charter she suggests that
Revoking the mining rights of companies that have failed to meet the targets of the Mining Charter would not only represent a decisive act of leadership, but it would also affirm the government’s commitment to accelerating transformation.
Holy cow - this is jungle speak!!! jungle would close down a company that employed 50,000 people tomorrow because they are definitely racist and have not complied with employment equity legislation (I should state that the first observation is a given in jungleland - even if they do comply with the EE Act).
Can't say much more than that - but if this had to happen it wouldn't be favourably viewed by many people, both local and international.
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