As you are aware, the Jewellery Council has pursued a legal route relating to the Mining Charter.
We have noted that most jewellers don’t understand the ramifications of the Charter. In order to comply, most companies will have to acquire a 26% beneficiation partner (BEE partner).
In order for us to move forward, we require funding to challenge the DMR. The response from our members has been very poor. The Council’s Board has approved an amount of up to R400 000 with the provision of a Rand for Rand match from members. To date, we have received R85 000 from only 28 companies
In failing to collect R400 000 from members, the legal process will have to be terminated. This is our only opportunity to challenge the implications of the Charter.
Please consider a contribution!
The bank details are:
Account number: 1944 121 854
Branch code: 194405
Deposit reference: company name-MC2018
Please note that the SADPMR have started conducting transformation audits even though Jewellers Permits are not due for renewal. See attached Transformation Audit Form which they will be requiring you to complete.
Please help us to help you safeguard our industry.