April 2017 saw the two major ratings agencies Fitch and Standards & Poor downgrade our country’s economy to junk status. Now we’re not only affected by global and domestic pressures, but by the economic ripple effects of the apartheid system too, and our economy is straining underneath the burden. There is no doubt that this is a critical moment in our country’s development.
THE NEED FOR RADICAL TRANSFORMATION TO UPLIFT THE
Mining in South Africa remains a significant contributor to our economy, yet it’s also an industry that persistently carves an unsustainable trail into the very heart of our communities, leaving behind a landscape bleak with socio-economic and environmental disasters. And within hours of its release, the Mining Charter 2017 has already been said to deepen the divide between Government and the mining industry.
Now, more than ever before, a shift through ‘’radical economic transformation’’ is required; a shift driven by meaningful community participation and private sector accountability that must move away from opportunistic groups who seek only to exploit the masses and rather move towards the beneficiation of people who have already suffered for centuries.
Dithabeng Mining aims to forge exciting and ground-breaking partnerships between the private sector and historically disadvantaged communities in the Mphahalele Community. These partnerships aim to redress economic and social injustices and inequalities of the past in order to effect equity and equality as enshrined in the Constitution of the Republic of South Africa. Dithabeng Mining’s radical financial and operational model is the catalyst that will empower communities to take the future into their own hands.