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‘Radical economic transformation might be painful, but it's a must’

Mineral Resources Minister Mosebenzi Zwane was speaking at a business breakfast held by the Black Business Council in Houghton on Friday morning.

FILE: Mineral Resources Minister Mosebenzi Zwane. Picture: GCIS.

JOHANNESBURG - Mineral Resources Minister Mosebenzi Zwane says radical economic transformation in the mining sector has nothing to do with jobs being cut.

Zwane was speaking at a business breakfast held by the Black Business Council in Houghton on Friday morning.

Last month, at least two mines announced plans to retrench workers.

Zwane says economic transformation can no longer be delayed.

“We’re not prepared to move away because that is the mandate given to us by the people of South Africa. Everybody inclusive, black and white.”

The Mineral Resources Minister says the process of radical economic transformation might be painful to some but it is a must.

“We will take pain, business will take pain and our people will take pain. If you look at China today some generations took pain in building the economy.”

The new Mining Charter has been put on hold while the Chamber of Mines challenges it in court.

(Edited by Zinhle Nkosi)