S. Africa May Revoke Mine Licenses to Enforce Charter

South Africa will revoke the mining licenses of companies that fail to increase control by black people in line with local regulations, said Sandile Nogxina, director general of the Department of Mineral Resources.

In 2004, South Africa enacted a Mining Charter compelling mine operators to sell 26 percent of local assets to black South Africans by 2014 to help compensate for discrimination during apartheid. The laws have been criticized for creating a black business elite and failing to spread wealth across the economy.