It was a source of lively debate at a conference titled, “Mining Dialogue 360 Degrees”, hosted by the South African Institute of Mining and Metallurgy (SAIMM) from 10-12 July 2012 and sponsored by the Royal Bafokeng.
The post-1994 accord that was bridged in Lusaka with business and the multi-party negotiations process led to a compromise. The private sector would be left to deliver a core part of the economic development agenda while the state focused on the business of incumbency and establishing a new state.
However, the deal did not go without encumbrances imposed by the state, such as, BEE requirements, affirmative action and other policy instruments to restructure and realize redistribution through osmosis, if you like.
This accord and alignment is all but in tatters now. A deficit in trust is entrenching a new divide. The state is looking elsewhere for new partners – within itself, at foreign state enterprises as well as at new private corporations.