Tag: Gwede Mantashe

Standard Bank CEO Sim Tshabalala recently suggested that Eskom should consider hiring an international candidate to succeed its outgoing CEO, André de Ruyter. Although Mr. Tshabalala is trying to be helpful, his suggestion misses the mark. A foreign appointee – no matter how capable or qualified – will not be able to fix the mess at Eskom. Another South African in the post won’t succeed either.

In what can be seen as a victory for the Chamber of Mines, the High Court ruled this week that South African mining companies aren't required to top up black ownership levels if they have previously met the minimum requirements. The court case concerned the interpretation of the so-called 'once empowered always empowered' principle contained in the Original Mining Charter (2002) and the 2010 Mining Charter.