South Africa’s mining industry now 39% black-owned, Mining Indaba hears
In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt nearly 20 times higher to approximately 39%, South Africa President Cyril Ramaphosa highlighted in his well-attended, full-house opening address on day-one of the four-day Investing in African Mining Indaba in Cape Town which is being attended by close to 10 000 people.