SA mining industry decimated by regulatory uncertainty – EUSTACE DAVIE
Parliament should review the minerals and mining legislation and regulations as a first step towards having its members meet their obligations under the oath they swore to uphold the Constitution. Applying the rule of law would eliminate the unconstitutional discretionary powers contained in the mining laws that are the primary cause of the uncertainty that hangs like a cloud over the South African mining industry. The benefits would be that the mining industry would regain its former economic stature, the economy would grow, investment would increase and so would employment.
Mining executives made a strong case for decreasing the regulatory uncertainty in the mining industry at the recent Mining Indaba. South African opinion makers, including the members of the embattled mining industry, should support the ideal of the rule of law and attempts to ensure that anyone involved in writing legislation and regulations does so in accordance with the law. This will only become possible if people with influence in public affairs become fully aware of what the term means, realise the significance of the fact that it is a founding provision of the Constitution, and recognise that all South African legislation and regulation must be consistent with it. These are, moreover, the individuals who must be constantly reminded of the perils of inattention.
To read further, please click here.
Wednesday, 23 October 2019 EVENING EVENT – Human apes to human robots – Dawie Roodt, Chief Economist, Efficient Group – 17:45 for 18h15 @ FMF – RSVP https://www.freemarketfoundation.com/View-Event?i=217
NB: The proposed draft of the National Health Insurance (NHI) Bill is open for comment.
Interested parties are invited to submit written comments on the proposed Bill.
The deadline is 29 November 2019.
More details can be found here.
Read: Pause the NHI, fix the public health sector first
ICASA's proposed regulations signal the end of sports broadcasting
The importance of economic freedom for SA
Media release Are ACSA Board directors liable under the Companies Act 2011?
Media Digest & Cuttings SEPTEMBER 2019 for all media coverage
The difference between regulated markets and free markets
Without strong property rights, free trade won't help South Africa
3 common fallacies about school choice
Follow us on TWITTER for quick updates and news
Like us on FACEBOOK to receive advance notifications of live interviews and much, much more
Watch our YouTube videos on ChannelFMF
Become an individual member/donor, a corporate member/donor or donate to Khaya Lam project
All individuals and companies can donate and deduct a maximum of 10% of their taxable incomes to Section 18A approved Public Benefit Organisations. The minimum annual payment we require is R250. All payments of R250 or more will be treated as a donation for which you will receive a Section 18A certificate for SARS.
TEL +27 11 884 0270 | FAX +27 11 884 5672 | EMAIL email@example.com
PO Box 4056, CRAMERVIEW 2060
Bryanston Gate, Block 5, Ground Floor, 170 Curzon Road, BRYANSTON
Click here to unsubscribe from future emails
Publish date: 11 October 2019
The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation.