South Africas Mining Fiscal Regime 2020
- November 2020
- 29 pages
GlobalData's "South Africas Mining Fiscal Regime 2020" provides a comprehensive coverage on South Africa's mining fiscal regime. The report provides country's overview with macroeconomic performance, ease of doing business, corruption index and mineral overview. It also provides a comprehensive coverage on the countrys mining regulatory bodies, laws, rights, and obligations, as well as current and future tax-related proposals.
The countrys mining industry is governed by the Department of Mineral Resources and Energy (DMRE), which was formed by merging the Department of Energy and the Department of Mineral Resources in June 2019. The DMRE is responsible for the mining actives in South Africa, including exploitation of the mineral resources, and the energy industry. The mining arm of the DMRE is primarily regulated through the Mineral and Petroleum Development Act, 2002 (Act No. 28 of 2002) and the Mine Health and Safety Act, 1996 (Act No. 29 of 1996). The two Acts provide the regulatory framework for the promotion regulation and health and safety of workers in the mining, minerals and petroleum industry. Various taxes, including corporate income tax and withholding tax, carbon tax, value-added tax, among others, are applicable to entities in South Africa.
- The report outlines the governing bodies, governing laws, various mineral licenses and fees by state and territory
Reasons to Buy
- Enhance your decision-making capability in a more rapid and time sensitive manner
- Find out South Africa's governing bodies, major laws in the industry
- Identify various mineral licenses and fees
- To gain an overview of China's mining fiscal regime
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