Finweek - English

Covid-19: Complex consequences for commodity markets

localisation in South Africa’s mining sector is a controversial subject. The government has increasingly asked for it, making procurement from local firms a feature of legislation, most notably in Mining Charter III. As the Mining Charter currently stands, about 70% of all procurement by SA

firms must be local in three years’ time to comply with mining licence regulations. The government goes so far as to prescribe the level of empowerment required of suppliers.

The mining sector said it recognises the benefits of localisation, but says the targets are too onerous.

That’s where the matter stands while the government and the Minerals Council await the outcome

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