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  Are the Guptas really trying to get South Afrca junked? Zuma and the whole of them should face high treason eventually for deliberate economic sabotage....  

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DMR has begun implementation of moratorium, chamber says

But the department says the statement issued by the chamber is misinformed.

The Chamber of Mines reported on Thursday that the Department of Mineral Resources (DMR) has begun implementing a moratorium on all new mining licence applications and transfers before the public consultation process on the matter, proposed by mines minister Mosebenzi Zwane.

“It has come to the attention of the Chamber of Mines that the DMR head office has instructed all the DMR regional offices to stop processing any section 11, new mining right or prospecting right applications submitted by mining companies after July 19. In essence, the DMR is implementing the minister’s proposed moratorium on new applications in terms of section 49 of the MPRDA despite the closing date for comments on the proposal only being on August 4,” the chamber states. 

However, Moneyweb received a response from the DMR that suggests otherwise: “No decision has been taken by the minister to implement the moratorium. The statement issued by the chamber on Thursday is therefore misinformed.”

It seems Zwane is hell-bent on instituting the moratorium despite serious opposition to it from his own party, the ANC aligned National Union of Mineworkers (Num), the industry’s largest union (Amcu) and the business body represented by the Chamber of Mines (COM). 

Read: Union calls for mines minister to be removed

Read: Union boss calls on Zwane to stop ‘useless decisions’

More to follow.

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Mduduzi Luthuli

Mduduzi Luthuli

Luthuli Capital (Pty) Ltd
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The Mining Charter is nothing but legalized plunder. When a governing party uses the law to plunder, they manufacture their own demise, as all factions will be fighting for a position to benefit from making laws to plunder. Politics are on everyone’s lips, the national discourse has been captured by politics.

Bastiat’s prescient words describe contemporary South Africa exactly.

“As long as it is admitted that the law may be diverted from its true purpose — that it may violate property instead of protecting it — then everyone will want to participate in making the law, either to protect himself against plunder or to use it for plunder. Political questions will always be prejudicial, dominant, and all-absorbing. There will be fighting at the door of the Legislative Palace, and the struggle within will be no less furious.” – Frederic Bastiat 1850

Great stuff Zwane. I see Sibanye announced 7500 jobs to be cut. Keep up your splendid record being the destroyer of Jobs! If you add Ashanti you sit on 16000 jobs losses in just two months alone!

The Rand is further depreciating, more job losses, less capital investment, etc. A brilliant plan mr Zwane! Please explain to the nation what is your strategy and what is the ultimate aim??

Are the Guptas really trying to get South Afrca junked? Zuma and the whole of them should face high treason eventually for deliberate economic sabotage.

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