Botswana has introduced a new regulation aimed at increasing local ownership in its mining sector. The amendment to the Mines and Minerals Act replaces the government’s previous right to acquire a 15% stake in any mining concession. Under the new rules, companies must now sell a 24% share in new mining projects to local investors if the state chooses not to purchase a stake. The Ministry of Mines and Energy says the regulation took effect on October 1. Channel Africa’s Economics Reporter, Innocent Semosa, has more.

Botswana has introduced a new regulation aimed at increasing local ownership in its mining sector. The amendment to the Mines and Minerals Act replaces the government&rsquo;s previous right to acquire a 15% stake in any mining concession. Under the new rules, companies must now sell a 24% share in new mining projects to local investors if the state chooses not to purchase a stake. The Ministry of Mines and Energy says the regulation took effect on October 1. Channel Africa&rsquo;s Economics Reporter, Innocent Semosa, has more.

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Botswana introduces act aimed at boosting local ownership in its mining sector

In today's markets slot Thami Ngubeni looks at what to expect when South Africa's mining production statistics are released this week. She also looks at the country's economic outlook following the International Monetary Fund - IMF's revision and the announcement on interest rates. Joining her on the line on these issues is Thanda Sithole, FNB & WesBank Senior Economist

In today's markets slot Thami Ngubeni looks at what to expect when South Africa's mining production statistics are released this week. She also looks at the country's economic outlook following the International Monetary Fund - IMF's revision and the announcement on interest rates. Joining her on the line on these issues is Thanda Sithole, FNB &amp; WesBank Senior Economist

South Africa's mining production statistics are released this week

South Africa is said to be proposing a revamp of its strategic fuel storage capability requiring mandatory reserves from both the state and private sector to mitigate supply crises. As you may know that the world is taking strain as energy supplies and prices are under pressure for months due to the ongoing crisis in the Middle East that has choked off the Strait of Hormuz, a key oil and liquefied natural gas transit route. To simplify what this means, Thami Ngobeni spoke to Visvin Reddy, National Convenor of People Against Petroleum price increases and MK member of parliament

South Africa is said to be proposing a revamp of its strategic fuel storage capability requiring mandatory reserves from both the state and private sector to mitigate supply crises. As you may know that the world is taking strain as energy supplies and prices are under pressure for months due to the ongoing crisis in the Middle East that has choked off the Strait of Hormuz, a key oil and liquefied natural gas transit route. To simplify what this means, Thami Ngobeni spoke to Visvin Reddy, National Convenor of People Against Petroleum price increases and MK member of parliament

South Africa proposes mandatory reserves from both the state and private fuel sector

The Lobito Corridor, it's a transcontinental railway and logistics project between Angola, Zambia and the DRC, transporting mainly mineral . There's a lot of activity in terms of exports and upgrades financed by big institutions.

The reason we are talking about it today is that Wellington Muzengeza who is a political risk analyst and urban strategist has penned an article highlighting how it is a test of sovereignty and governance and who controls Africa's critical minerals in the energy transition era. Reports indicate that there is a global demand for copper and cobalt and history has taught us what happens when there's a rush a demand for minerals.

Mr Musengaza spoke to Thami Ngubeni about what it is he is picking up around this corridor and what it is opening itself to especially now that it is being upgraded.

The Lobito Corridor, it's a transcontinental railway and logistics project between Angola, Zambia and the DRC, transporting mainly mineral . There's a lot of activity in terms of exports and upgrades financed by big institutions.
The reason we are talking about it today is that Wellington Muzengeza who is a political risk analyst and urban strategist has penned an article highlighting how it is a test of sovereignty and governance and who controls Africa's critical minerals in the energy transition era. Reports indicate that there is a global demand for copper and cobalt and history has taught us what happens when there's a rush a demand for minerals.
Mr Musengaza spoke to Thami Ngubeni about what it is he is picking up around this corridor and what it is opening itself to especially now that it is being upgraded.

Botswana introduces act aimed at boosting local ownership in its mining sector

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