South Africa: General elections were held on April 22, 2009, in which the ANC, led by newly appointed President Zuma, won a third successive term. In April 2009, the Department of Minerals and Energy issued a new Code of Good Practice (the “Code”) which could potentially destabilise accepted Black Economic Empowerment principles presently applied in the mining industry. Most notably, noncompliance with the Code now renders license holders vulnerable to possible suspension or cancellation of mining permits. The Code requires 26% black ownership of mining industry assets by 2014.