Latest version of mining charter would destroy industry- black ownership target upped to 30%

The Chamber of Mines made an urgent application to the Pretoria High Court yesterday for an order preventing the implementation of the latest version of the mining charter, warning that it would destroy the industry. In its application, the chamber states that its members are fully committed to the transformational objectives of the Mineral and […]
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Amcu criticize – Government not prioritising families of slain Marikan worker in terms of housing, education and skills development

The trust fund says if the victims of Marikana were important to the state much more assistance would have been given by now. JOHANNESBURG – The Marikana Massacre Amcu Trust Fund says the government is not prioritising the widows and families of the slain mine workers. The trust fund says if the victims of Marikana […]
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Markets Bloodbath As Zwane Shocks Mining Sector

Mineral Resources Minister Mosebenzi Zwane. (Pic: Gallo Images) There was a bloodbath on the floor of South Africa’s markets on Thursday, after Mineral Resources Minister Mosebenzi Zwane announced a new stringent law that will force mining firms to restructure their ownership to ensure they have 30% black ownership within 12 months. The rand dived by […]
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Some good news:- Court throws out fracking application for KZN.

The Western Cape High Court has set aside a prospecting right application, which could have opened the way for fracking in South Africa. The court’s decision could put the brakes on a number of similar prospecting applications if they followed the same process. Fracking has not yet been signed off in South Africa. But a […]
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Eskom warns of winter power cuts – unless Treasury signs new coal deals with Gupta owned company

Eskom chairman Ben Ngubane has warned that South Africans can expect power cuts this winter unless the National Treasury urgently signs purchase agreements so Eskom can build up its coal reserves, according to a report by TimesLive. Speaking at the sidelines of African Utility Week conference at the Cape Town International Convention Centre, Ngubane noted […]
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A MUST READ: Zuma’s Secret Blueprint For Total Power – Lily Gosam

An ambitious plan to redraw provincial boundaries, control the treasury and conclude mega-deals to keep the ANC under Zuma control was hatched  * Lily Gosam is a pseudonym  INTRODUCTION In 2009 [president] Jacob Zuma secured the highest office in the land, in large part due to the composition of South Africa’s 1994 provincial map. And […]
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Anglogold’s Pityana: Save South Africa – Fire Zuma, Corruption’s “Sponsor-In-Chief”

It is 52 years ago since Americans got “The Speech”. After yesterday, South Africa has a similarly rare epochal address that richly deserves recording for posterity. At the Joburg Mining Indaba, Anglogold chairman Sipho Pityana followed up his powerful address to ANC heavyweights attending a friend’s funeral, to deliver one of the most brilliant speeches […]
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This Is How Much Of Your Money Government Has Wasted This Year

The South African public has been bombarded with media reports about government projects or branches using up millions, even billions of rands of taxpayers’ money. These range from irregular and wasteful expenditure at provincial and municipal levels to infrastructure projects which often balloon well beyond their original budgets. So when broken down, how much do […]
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#Oilgate: How Insiders Stole R1.5bn In Sale Of South Africa’s Strategic Oil Stockpile

In December, South Africa’s Government sold its entire strategic fuel reserve, 10m barrels of crude oil, at a substantial discount to the price at which the commodity traded. It was a stinky transaction. Firstly, the oil market is in a contango, a period where selling oil for future delivery translates into a progressively higher premium […]
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Deceptive Chaos And The Return To Tribal Politics

Whites. We Are Now In Serious Trouble!!!! If we look at the recent schools which have been burnt down, you will notice they are in the Limpopo province where their new Messiah comes from known as Julius Malema, leader of the EFF sponsored by a faction of the ANC. http://www.bbc.com/news/world-africa-36203995 http://www.news24.com/SouthAfrica/News/let-the-schools-burn-let-them-burn-vuwani-resident-20160507 In the upcoming elections, […]
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