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Paragraph tag with a hyperlink to media Mining document. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Etiam aliquam est nisl, ullamcorper dapibus nibh dictum vitae.

<p>Paragraph tag with a hyperlink to media <a target="_blank" title="Mining Charter III" href="/News/Documents/2018-09027_mining_charter_gn_1002_2C_gg41934.pdf">Mining document</a>. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Etiam aliquam est nisl, ullamcorper dapibus nibh dictum vitae. </p>

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[Source], [Source] and [Source]

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<a href="http://comms.webberwentzel-mail.com/servlet/link/4230/422634/28648297/618068" target="_blank">[Source]</a>,

<a href="http://comms.webberwentzel-mail.com/servlet/link/4230/422634/28648297/618069" target="_blank">[Source]</a> and

<a href="http://comms.webberwentzel-mail.com/servlet/link/4230/422634/28648297/618070" target="_blank">[Source]</a>

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Unordered List:

executive management;
senior management;
middle management; and
junior management.

<p>Unordered List:</p>

<ul>

<li>executive management;</li>

<li>senior management;</li>

<li>middle management; and</li>

<li>junior management.<br/></li>

</ul>

Ordered List

debt owed to a deceased estate;
debt reduced by way of donation;
debt reductions which could be taxable fringe benefits on the employee;

<p>Ordered List</p>

<li>debt owed to a deceased estate;</li>

<li>debt reduced by way of donation;</li>

<li>debt reductions which could be taxable fringe benefits on the employee;</li>

</ol>

</div>

[1] Mining Charter III does refer to a set of implementation guidelines to be published within two months.

[2] It is clear that section 100(2)(a) of the MPRDA only empowers the Minister to "develop a broad based socio-economic empowerment Charter". It does not grant the Minister the power to alter, vary and/or revise such a Charter. Had the legislature intended to bestow such powers of alteration, variation and/or revision on the Minister, it stands to reason that such powers would have been specifically conferred on the Minister by the MPRDA. Needless to say, not providing the Minister with such power was probably a conscious step in the minds of the legislature to create regulatory certainty. In addition, section 100(2)(a) of the MPRDA requires that the Minister exercise his authority to develop a broad based socio-economic Charter "within six months from the date on which this Act takes effect". The MPRDA took effect on 1 May 2004. Mining Charter III was published on 15 June 2018; more than 14 years later. The Minister's amendment of the original Mining Charter, through the publication of Mining Charter II and Mining Charter III is, in our view, beyond the scope of section 100(2)(a), the empowering provision, and thus is ultra vires, i.e. acting beyond his powers. In additional, the MPRDA will need to be amended before Mining Charter III takes effect.

<p>[1] Mining Charter III does refer to a set of implementation guidelines to be published within two months. </p>

<p>[2] It is clear that section 100(2)(a) of the MPRDA only empowers the Minister to

<i>"develop a broad based socio-economic empowerment Charter"</i>. It does not grant the Minister the power to alter, vary and/or revise such a Charter. Had the legislature intended to bestow such powers of alteration, variation and/or revision on the Minister, it stands to reason that such powers would have been specifically conferred on the Minister by the MPRDA. Needless to say, not providing the Minister with such power was probably a conscious step in the minds of the legislature to create regulatory certainty. In addition, section 100(2)(a) of the MPRDA requires that the Minister exercise his authority to develop a broad based socio-economic Charter "within six months from the date on which this Act takes effect". The MPRDA took effect on 1 May 2004. Mining Charter III was published on 15 June 2018; more than 14 years later. The Minister's amendment of the original Mining Charter, through the publication of Mining Charter II and Mining Charter III is, in our view, beyond the scope of section 100(2)(a), the empowering provision, and thus is ultra vires, i.e. acting beyond his powers. In additional, the MPRDA will need to be amended before Mining Charter III takes effect.<br/></p>

</div>

Element	Banks and Life Offices	Short-term insurers	Stock Exchanges and Stock Exchange members	Other financial institutions
Ownership	23 points	23 points	23 points	25 points
Management Control	20 points	20 points	20 points	20 points
Skills Development	20 points	20 points	20 points	20 points
Procurement and ESD	15 points	35 points	35 points	35 points
Total	120 points	115 points	103 points	105 points

<table>

<thead>

<tr>

<th scope="col">Element</th>

<th scope="col">Banks and Life Offices</th>

<th scope="col">Short-term insurers</th>

<th scope="col">Stock Exchanges and Stock Exchange members</th>

<th scope="col">Other financial institutions</th>

</tr>

</thead>

<tbody>

<tr>

<td data-label="Element">Ownership</td>

<td data-label="Banks and Life Offices">23 points</td>

<td data-label="Short-term insurers">23 points</td>

<td data-label="Stock Exchanges and Stock Exchange members">23 points</td>

<td data-label="Other financial institutions">25 points</td>

</tr>

<tr>

<td data-label="Element">Management Control</td>

<td data-label="Bank and Life Offers">20 points</td>

<td data-label="Short-term insurers">20 points</td>

<td data-label="Stock Exchanges and Stock Exchange members">20 points</td>

<td data-label="Other financial institutions">20 points</td>

</tr>

<tr>

<td data-label="Element">Skills Development</td>

<td data-label="Bank and Life Offers">20 points</td>

<td data-label="Short-term insurers">20 points</td>

<td data-label="Stock Exchanges and Stock Exchange members">20 points</td>

<td data-label="Other financial institutions">20 points</td>

</tr>

<tr>

<strong>Total</strong></td>

<strong>120 points</strong></td>

<strong>115 points</strong></td>

<strong>103 points</strong></td>

<strong>105 points</strong></td>

</tr>

</tbody>

</table>

</div>

BrandsEye	BrandsEye mines online conversations to reveal sentiment and underlying brand value for clients, which enables them to make insightful decisions based on the data.
Electrum Payments	Electrum provides a cloud-based transaction platform to accept payments, process financial transactions and provide value-added services.
Data Prophet	Data Prophet makes use of machine learning to predict and locate defects in manufacturing plants and prescribes methods to minimize these defects to improve output levels.
Pattern Matched Technologies	Pattern Matched Technologies is a fintech company that specialises in the intersection between the financial, telecommunications and commercial sectors and provides a range of products in this space.
Quicket	Quicket is an online self-managed ticketing platform that services businesses (B2B) and consumers (B2C).

<table>

<tbody>

<tr>

<td><strong>BrandsEye</strong></td>

<td>BrandsEye mines online conversations to reveal sentiment and underlying brand value for clients, which enables them to make insightful decisions based on the data.</td>

</tr>

<tr>

<td><strong>Electrum Payments</strong></td>

<td>Electrum provides a cloud-based transaction platform to accept payments, process financial transactions and provide value-added services.</td>

</tr>

<tr>

<td><strong>Data Prophet</strong></td>

<td>Data Prophet makes use of machine learning to predict and locate defects in manufacturing plants and prescribes methods to minimize these defects to improve output levels.</td>

</tr>

<tr>

<td><strong>Pattern Matched Technologies</strong></td>

<td>Pattern Matched Technologies is a fintech company that specialises in the intersection between the financial, telecommunications and commercial sectors and provides a range of products in this space.</td>

</tr>

<tr>

<td><strong>Quicket</strong></td>

<td>Quicket is an online self-managed ticketing platform that services businesses (B2B) and consumers (B2C).</td>

</tr>

</tbody>

</table>

</div>

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