Chairperson, if anything, South Africa has always been a country rich in minerals. From many hundreds of years ago, people flocked to South Africa to gain from our mineral wealth and many colonialists have built their wealth from our soil.
It is, however, evident that in democratic South Africa mining of minerals remain a common trade of interest, and more remains to be the substance of survival for many working in these mines. It is also true that the salaries they earn do not match the wealth the mine owners inherit from digging, and it's a fatal imbalance in our economy.
Either way, all of these minerals are the wealth of the South African people and we, as the MF, have no objection to there being a royalty charge on this. The MF supports the Mineral and Petroleum Resource Royalty (Administration) Bill and the Minerals and Petroleum Resources Royalty Bill. I thank you.