Local is lekker: cam the Mining Charter III create a new black industrialist class
Date
2022
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Abstract
Despite the vast resource endowment, South Africa has experienced a hollowing out of industrial capabilities and entered into premature de-industrialisation. This research was motivated by the State of the Nation Address on the 16th of February 2019, given by the current President of South Africa, Cyril Ramaphosa. He spoke of the government taking action to transform the economy using the mining and manufacturing industry not as a sunset industry, but rather as a sunrise industry. The President highlighted the critical role of the Mining Charter Three would play as “truly an effective instrument to sustainably transform the face of mining in South Africa.” This informed the research objective: to assess whether the Mining Charter Three can successfully foster a new black industrialist class. Qualitative research underpinned the study. Data was collected from five companies which have emerged as BBEE partners to determine whether they are enjoying the fruits of forward and backward linkages in the mining sector. From the data collected, it is evident that the sector is empowering a new breed of black entrepreneurs, hence the sector is acting as a sunrise industry
Description
A dissertation submitted in fulfilment of the requirements for the degree of Master of Commerce to the Faculty of Commerce, Law and Management, University of the Witwatersrand, Johannesburg, 2022
Keywords
Mining Charter III, Black industrialist class, Minerals and Mining