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S.Africa mines minister says Sibanye stole Black ownership rating

Nov 03, 2020 - Reuters UK

JOHANNESBURG, Nov 3 (Reuters) - South Africa’s mining minister on Tuesday accused Sibanye-Stillwater of breaching regulations on Black ownership targets at its gold operations and said the miner had stolen its compliance rating.

To try to rectify the wealth disparities left by the apartheid regime, government regulations require South African companies to ensure Black investors own a proportion of their shares.

Companies are given a rating depending on their level of Black owners...