Assessment of the Broad-Based Socio-Economic Empowerment for the South African mining Industry(Mining Charter), May 2015

According to Minister Jeff Radebe, transformation in the mining industry as reflected in the recent Assessment of the Broad-Based Socio-Economic Empowerment for the South African mining Industry(Mining Charter), May 2015 "provides a number of interesting trends and concerns."

"For instance, Historically Disadvantaged South Africans (HDSA) ownership as percentage of value only reached 33% but when looking at the number of companies with 26% HDSA ownership as stipulated in the Charter, the assessment indicates that the 90% of companies have achieved this target. On the other hand only 20% of broad-based ownership targets have been met, according to the Charter assessment report.

The report also seems to suggest that the mining industry exceeded the 40% target set for employment equity and skills representation across a number of employment categories."