industries.jpgThe business community says government should come up with stringent policies that ensure mining firms play a critical role in developing areas they operate from through community share ownership schemes.

 

The call by the business community follows visits by government officials to the Bafokeng community in Rustenburg South Africa in a bid to assess their empowerment model which has been dubbed as the empowerment success story in the continent.

 

Royal Bafokeng Holdings Chief Executive Officer, Mr Niall Carroll said the firm has contributed significantly to community development through land ownership which was converted into assets for the benefit of the community.

Communities Calling Empowerment Network Chairman, Mr Charles Nyachowe said communities should benefit immensely from the operations of mining firms in their area through a proper legislation which makes it mandatory for companies to plough back to the community.

Economist, Mr Jonathan Kadzura said government should empower communities by giving mining licenses to indigenous people adding that the Bafokeng model is the way to go to ensure broad based empowerment.

The Bafokeng community has managed to transform themselves from being royalty collectors to shareholders of all mining firms in their area an achievement which give the community powers on priority areas for investment.