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South Africa's mining charter to soon be enforced as law

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South Africa's mining charter to soon be enforced as law

South African Minister Mosebenzi Zwane said June 6 that the country's mining charter will be enforced as law next week, Reuters wrote the same day.

The new law, outlining targets for black ownership and participation in the sector, comes despite complaints about a lack of consulting with the mining industry regarding the revisions.

Earlier this year, South Africa's Financial Intelligence Center Amendment Act also was signed into law, aiming to combat tax evasion and money laundering.