Business Live South Africa quotes Johannesburg lawyers, Andrew Mitchell and Nic Roodt, in an article regarding the absence of deals in the mining industry as a result of enforcing South Africa’s Mining Charter.
While the charter was in force there would be no more deals in the mining industry, said Fasken Martineau’s Andrew Mitchell. The chamber was preparing to interdict the charter, meaning it would be suspended and the industry would return to the second iteration of the charter that has been in effect since 2010.
The industry would then try to conclude whatever deals it may have planned. But Zwane, in his role as administrator, could decline to process them, said Fasken Martineau lawyer Nick Roodt.