Tag: black empowerment

Total S.A.'s (Total) initial discovery just over two years ago of gas concentrate in the Outeniqua Basin (Brulpadda prospect, Block 11B/12B) offshore South Africa, a deposit reportedly containing around one billion barrels of oil equivalent, has placed a spotlight on the potential of South Africa's upstream oil and gas industry.

Property, and the ownership of land, is an emotive topic in South Africa. While progress towards redressing inequality in land ownership and the property sector could be far quicker, the good news is that we know where we stand, and property offers unique prospects for achieving real social change. 

Achieving Mining Charter III’s requirements for structuring broad-based ownership, local procurement and social and labour plans is likely to present serious challenges for small scale miners in particular. It may be time to move away from a 'one size fits all' approach in setting charter targets.