Notices > Codes of Good Practice for the Minerals Industry > 3. Application of the Code of Good Practice for Permits/Licences

3.1	Proposed framework for applying the Code of Good Practice permits/licences granted under the Precious Metals Act, 2005, and the Diamonds Act, 1986, as amended

EXEMPT FROM THE FOLLOWING	CATEGORY	METAL USAGE IN KG/ANNUM	% OF TOTAL INDUSTRY TURNOVER REPRESENTED	BEE OWNERSHIP	REQUIRED TO ADHERE TO THE FOLLOWING
Procurement	Student & Micro Businesses	1.5kg/annum Estimated max turnover Less than R1 million	Combined with small business = between 1 and 16%	Estimated 27% of permits based on industry feedback and MQA skills analyses: reference Kaiser Associates
Human Resource Development
Employment Equity
Ownership & joint venture
Employment Equity	Small Businesses	Between 1.5 kg and 5kg/ annum Estimated max turnover R1 million to 3.8 million	Combined with Students and Micro Enterprises = between 1 and 16%	Estimated 26% and 30% of permits based on industry feedback and MQA skills analyses: reference Kaiser Associates	Procurement
Ownership & joint venture					Human Resource Development
	Medium and Large Businesses	Between 5kg and up annum Estimated max turnover Greater than R3.8 million	19-24% - 65% reference Gold in South Africa	Estimated 0% of permits based on industry feedback and MQA skills analyses: reference Kaiser Associates	Human resource development
					Employment Equity
					Procurement
					Ownership & Joint Venture

NB: The turnovers are estimated and subject to the change in metal price as well as changes in the Rand Dollar exchange rates. It is for that reason that we define the industry in terms of metal usage rather than turnover. The turnover here is provided as illustration values.

Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002)

Notices

Codes of Good Practice for the Minerals Industry

3. Application of the Code of Good Practice for Permits/Licences granted under the Precious Metals Act, 2005, and the Diamonds Act, 1986, as amended