The Minerals Council South Africa, the main mining industry body, has unveiled a portrait of the state of transformation in the mining industry in 2018, against the benchmarks laid out in the 2010 charter. Based on a member survey, it finds that the industry exceeded most of its targets, falling short in areas such as 'meaningful economic participation'.
Mining companies operating in South Africa must comply with various targets that have been laid out in "mining charters" drawn up by the government, which aim to boost levels of black ownership in an industry that was seen as the backbone of the iniquitous apartheid economy.
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