While the latest amended Mining Charter looks like a vast improvement from the one that Mosebenzi ‘Zuptoid’ Zwane drew up last year, it still has several niggles that the mining sector seemingly plans to take on.
The test targeted simulating a ‘real-world’ trial of a distributed ledger technology wholesale payment system and included major local banking participants such as Absa, Capitec, Discovery Bank, FirstRand, Investec, Nedbank and Standard Bank.
For oil traders, there’s no place quite like Saldanha Bay. When prices slumped in 2014, trading houses generated outsize profits by storing millions of barrels of crude in the deep-water harbor north of Cape Town.
SA ranks 10th from the bottom when compared with 63 other countries on all factors influencing its economic competitiveness – and amazingly, has remained stable in spite of a decade of Zuptoid machinations.