The Gazetted Charter:...

The Gazetted Charter:

http://www.gov.za/sites/www.gov.za/files/40923_gon581.pdf

http://www.gov.za/speeches/minister-mosebenzi-zwane-occasion-release-mining-charter-15-jun-2017-0000

"On Employment Equity, the Charter aims to ensure that black representation at the various levels of employment is representative of the demographics of the country, whilst ensuring harmonisation with other industry Charters. The requirements are:-

• At Board level, a minimum of 50% black representation, 25% of which must female black representation;
• At Executive/Top Management level, a minimum of 50% black representation, 25% of which must be female black representation;
• At Senior Management level, a minimum of 60% black representation, 30% of which must be female black representation;
• At Middle Management level, a minimum of 75% black representation, 38% of which must be female black representation; and
• At Junior Management level, a minimum of 88% black representation, 44% of which must be female black representation."

TOP FINANCIAL HEADLINES in SA

1. Miners vow to fight SA's new black-ownership rules http://www.fin24.com/Companies/Mining/miners-vow-to-fight-sas-new-black-ownership-rules-20170615

2. New mining charter legally flawed - lawyer
http://www.fin24.com/Companies/Mining/new-mining-charter-legally-flawed-lawyer-20170615

3. JSE bruised as mining stocks hit by new charter
http://www.fin24.com/Markets/Equities/jse-closes-lower-as-mining-stocks-hit-by-new-charter-20170615

4. Chamber to challenge new mining charter
http://www.fin24.com/Companies/Mining/chamber-to-challenge-new-charter-in-court-20170615-2

5. Markets bloodbath as Zwane shocks mining sector
http://www.fin24.com/Markets/Equities/markets-bloodbath-as-zwane-shocks-mining-sector-20170615

6. 12-month deadline to reach 30% black mine ownership
http://www.fin24.com/Economy/12-month-ultimatum-to-hand-over-30-of-mines-to-blacks-20170615

7. Zwane reveals final Mining Charter, despite mining boycott
http://www.fin24.com/Economy/zwane-reveals-final-mining-charter-despite-mining-boycott-20170615


Happy reading