The scorecard for the broad-based socio-economic empowerment charter for the South African mining industry : a performance measuring instrument
Booyens, Sarel Adriaan
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The South African economy is largely supported by the mining industry. Even though a large number of people are employed in the mining industry, a large portion of the South African population was excluded from participating and benefiting from the proceeds of mining due to historical racial discrimination. It is a Government imperative to transform South Africa, including the mining industry, and to achieve this, legislation was enacted and implemented, with various Charters and Codes to provide guidance to the relevant industries. However, it was essential to establish the context of black economic empowerment in South Africa to understand the reasons behind the legislation implemented. Once this was understood, the Mining Charter was investigated to determine its objectives and targets and the application of the Scorecard was determined. This was achieved by conducting literature studies to determine black economic empowerment in the South African context and the applicable legislation. Regarding the mining industry, the Mining Charter was adopted and this imposes objectives and targets agreed upon between Government and the industry as well as other role players. It also introduced the Scorecard to be used to determine whether mining companies are achieving these objectives and targets. The Scorecard is used as a measuring instrument and this study aims to determine whether the Scorecard would be an effective measuring instrument for compliance with the provisions of the Mining Charter. As the Scorecard is used as a performance measuring instrument, the principles, theories and models of performance had to be investigated to determine whether the Scorecard complies with the theory. Therefore the literature study was extended to cover performance management, measurement theories and models, and tools and techniques were researched. By conducting a number of interviews, it was determined how the Department of Minerals and Energy and some mining companies utilise the Scorecard to determine whether it is possible to use it as a performance measuring instrument. Recommendations are made based on the comparison of the Scorecard with performance management, measurement theories and findings resulting from the empirical research conducted.
- Humanities