June 15, 2018 / 4:19 PM / 5 months ago

S.Africa's draft law proposes 30 pct black ownership for mining firms within 5 years

JOHANNESBURG, June 15 (Reuters) - South Africa is proposing raising black ownership in existing rights holder companies to 30 percent from 26 percent within five years, a draft of new rules showed on Friday.

The government and miners have been locked in talks over the charter, which lays out requirements for black ownership levels and other targets. (Reporting by Tiisetso Motsoeneng, editing by Louise Heavens)

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