South Africa Mining Industry Fiscal Regime Analysis including details of Governing Bodies, Regulations, Licensing Fees, Taxes and Royalties, 2021 Update
All the vital news, analysis, and commentary curated by our industry experts.
South Africa is well known for its abundance of mineral resources. It has extensive mineral deposits, including gold, platinum group metals (PGM), manganese, iron ore, copper, nickel, diamond and coal. The report covers the country’s governing bodies, laws, rights, and obligations, as well as current and future tax-related proposals. The Department of Mineral Resources and Energy (DMRE) was established in June 2019 by the merger of the Department of Energy and the Department of Mineral Resources. The department is responsible for the mining industry of South Africa’s Mining Fiscal Market exploitation of the country’s mineral resources and the energy industry. National Nuclear Regulator (NNR), Mine Health and Safety Council (MHSC) and the Department of Environmental Affairs are the other government departments and regulatory bodies in the country.
The report outlines the governing bodies, governing laws, various mineral licenses and fees by state and territory.
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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 understand various taxes and royalties practiced in South Africa’s mining industry
Table of Contents
Table of Contents
| About GlobalData
1 Executive Summary
2 Country Overview
2.1 Macroeconomic Performance
2.2 Ease of Doing Business
2.3 Corruption Index
3 Governing Bodies
3.1 Department of Mineral Resources and Energy (DMRE)
3.2 Council for Geoscience (CGS)
3.3 Council for Mineral Technology (Mintek)
3.4 Mining Qualifications Authority (MQA)
3.5 South African Diamond and Precious Metals Regulator (SADPMR)
3.6 Diamond Exchange and Export Centre (DEEC)
3.7 State Diamond Trader (SDT)
3.8 Mine Health and Safety Council (MHSC)
3.9 National Nuclear Regulator (NNR)
3.10 Department of Environmental Affairs
4 Mining Laws, Licenses and Permits
4.1 Minerals and Petroleum Resources Development Act
4.2 Mineral and Petroleum Resources Royalty Act
4.3 Precious Metals Act
4.4 Precious Metals Licenses and Permits
4.5 Nuclear Energy Act
4.6 National Nuclear Regulatory Act
4.7 Mine Health and Safety Act
4.8 Diamond Export Levy (Administration) Act
4.9 Broad-Based Black Economic Empowerment Amendment Act
5 Prospecting and Mining Rights
5.1 Application for a Prospecting Right or a Mining Right
5.2 Prospecting Rights
5.3 Mining Rights
5.4 Prospecting and Mining Obligations
– Prospecting Rights Holders
– Mining Right Holders
– Retention Right Holders
– Environmental Protection and Assessment
– Issuance of a Closure Certificate
– Cancellation and Suspension of Rights
6 Taxes and Royalties
6.3 Corporate Income Tax (CIT)
6.4 Withholding Tax
6.5 Value-Added Tax (VAT)
6.6 Diamond Export Levy
6.7 Carbon Tax
7.4 Secondary Research
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