Yesterday President Cyril Ramaphosa replied to questions from members of parliament in the National Assembly. Issues addressed including growth, foreign investment, the mining charter and black ownership.
#Ramaphosa As I indicated in the State of the Nation Address, there is massive potential for South Africa’s mining industry to grow, create jobs, stimulate industrial activity and promote social development. #RamaphosaQandA
— ANC Parliament (@ANCParliament) March 14, 2018
#Ramaphosa Though mining's contribution to the national GDP has fallen from 21% in 1970 to 7% in 2016, it still represents almost 60% of exports. #RamaphosaQandA
— ANC Parliament (@ANCParliament) March 14, 2018
#Ramaphosa This follows agreement between government, the industry and other stakeholders to suspend legal action pending further consultations on the charter. #RamaphosaQandA
— ANC Parliament (@ANCParliament) March 14, 2018
#Ramaphosa This needs to form part of a broader undertaking by all social partners to ensure that mining is indeed a sunrise industry that benefits all South Africans. Mining needs, in particular, to contribute to the growth of the economy. #RamaphosaQandA
— ANC Parliament (@ANCParliament) March 14, 2018
#Ramaphosa It needs to fundamentally change the living conditions of affected communities and ensure that they are active participants in the process of transformation. #RamaphosaQandA
— ANC Parliament (@ANCParliament) March 14, 2018
#Ramaphosa The fundamental transformation of the ownership and management of the mining industry is necessary not only to promote equity, but also to enable the industry to develop in a sustainable and inclusive manner. #RamaphosaQandA
— ANC Parliament (@ANCParliament) March 14, 2018
#Ramaphosa While some progress has been made, there is a need to accelerate the transfer of ownership of the industry to black South Africans and women. It is necessary to agree on ambitious ownership targets that can be progressively and sustainably realised. #RamaphosaQandA
— ANC Parliament (@ANCParliament) March 14, 2018
#Ramaphosa Mineworkers need to have a greater role in decision-making and should be assisted in acquiring equity stakes in mining companies. #RamaphosaQandA
— ANC Parliament (@ANCParliament) March 14, 2018
#Ramaphosa The South African mining industry needs to be attractive to investors through a Mining Charter that offers certainty, stability and a clear transformational path. #RamaphosaQandA
— ANC Parliament (@ANCParliament) March 14, 2018
#Ramaphosa The Charter should have specific provisions to ensure job creation, beneficiation, local procurement and employment equity. It should promote skills development, technological innovation and exploration. #RamaphosaQandA
— ANC Parliament (@ANCParliament) March 14, 2018
#Ramaphosa While mining has long been a mainstay of our economy, it has a history of inequity, exploitation and abuse. #RamaphosaQandA
— ANC Parliament (@ANCParliament) March 14, 2018
#Ramaphosa Through the Mining Charter, all role players have an opportunity to chart a new path of growth, development, transformation and inclusive prosperity. #RamaphosaQandA
— ANC Parliament (@ANCParliament) March 14, 2018
#Ramaphosa We have a minister who knows the industry, who understands miners and has worked underground. Let's give him the opportunity to go throughout the country to engage various managers to assess what needs to be done. #RamaphosaQandA
— ANC Parliament (@ANCParliament) March 14, 2018
#Ramaphosa It could be tempting to think that companies that seem to make a lot of profit could be nationalized. What comes with that is the burden to capitalise those companies. #RamaphosaQandA
— ANC Parliament (@ANCParliament) March 14, 2018
#Ramaphosa Every investor wants certainty and to know the rules of the game are not going to change, otherwise it will be difficult for us to attract investors. #RamaphosaQandA
— ANC Parliament (@ANCParliament) March 14, 2018
#Ramaphosa Apartheid colonialism when it came to mining led to a complete disregard to those living near the mines and those communities were not seen as partners. #RamaphosaQandA
— ANC Parliament (@ANCParliament) March 14, 2018
