TIM COHEN: Mining study was a poor tactic that may backfire

The supporters of nationalisation will never be satisfied by an academic study. Explicitly rejecting nationalisation unwittingly fosters it by allowing its popular appeal to grow. Now it is out, the study demonstrates how fungible the findings are. This is not an issue of logic and academic analysis. It’s a matter of raw emotion

via www.businessday.co.za

It's exactly the same with academic estimates of black ownership in any industry or on the JSE. The independent findings will always be refuted by the government, because it's not in their interest to agree that transformation is happening within South Africa. The longer they allege racism and a resistance to transformation the longer they are able to hold a gun to the economy's head. Hence the lack of progress on the mining charter is entirely the fault of the mines, the fact that the global economy and government policy makes it almost impossible to comply is totally irrelevant.