In South Africa, mining companies are obliged to transfer 30% of the capital to the black population


Moscow. June 15. INTERFAX.RU – at least 30% of the share capital of mining companies South Africa will have to belong to the black population, said on Thursday presented the program of the Ministry of natural resources of the country, aimed at addressing racial inequalities in the sector.

This requirement will enter into force 12 months quoted Minister of Msebenzi Zwane edition of Eyewitness News.

In addition, new projects in the mining sector, which are in the process of obtaining licences is 50% owned by black South Africans, according to the text of the document.

Also 8% of the shares of mining companies will be transferred to the property of employees of these enterprises. According to census 2011, the proportion of the black population was 79.2%, white at 8.9%.

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