South Africa released a long-awaited final draft of a mining charter on Wednesday, which said 26% of the country’s mining assets must be owned by black businesses within 10 years.
The US lawyer seeking massive compensation from foreign investors for victims of South African apartheid, has written to at least 27 banks and corporations proposing settlement talks.
Thabo Mbeki says new US farm subsidies, which have been condemned by Europe and most of the Third World, contradicted their proclaimed support for developing economies.
South Africa’s parliament gave initial approval on Tuesday to a controversial bill shifting custodianship of mineral rights from private to state hands.
South Africa is calling an emergency meeting of the state-owned rail corporation and its major customers to investigate and find solutions for logjams undermining exports.
Diamond giant De Beers has warned the country’s proposed minerals law could put R8,5-billion in investment at risk because it threatened mining companies’ security of tenure.