South Africa’s Mining Fiscal Regime: H1 2016

GlobalData's fiscal regime report covers South Africa, which is well known for its abundance of mineral resources. It holds prolific mineral reserves of gold, platinum group metals, manganese ore, zirconium, vanadium and titanium

Scope

The report outlines the governing bodies, laws, rights and obligations and key fiscal terms which includes royalties, depreciation, corporate tax, capital gains tax, dividend tax, withholding tax and value added tax(VAT)

Reasons to buy

Gain an overview of South Africa’s mining fiscal regime

Table of Contents

1 Executive Summary

2 The South African Mining Industry – Governing Bodies

2.1 Department of Mineral Resources (DMR)

2.1.1 Council for Geo-science

2.1.2 Council for Mineral Technology (Mintek)

2.1.3 Mining Qualifications Authority

2.1.4 South African Diamond and Precious Metals Regulator

2.1.5 State Diamond Trader

2.2 Department of Energy

2.3 National Nuclear Regulator (NNR)

2.4 Mine Health and Safety Council

3 The South African Mining Industry – Governing Laws

3.1 Minerals and Petroleum Resources Development Act

3.2 Mineral and Petroleum Resources Royalty Act, 2008

3.3 Precious Metals Act, 2005

3.4 Nuclear Energy Act, 1999 (Act No.46 of 1999)

3.5 National Nuclear Regulator Act, 1999 (Act No. 47 of 1999) (NNR)

3.6 Mine Health and Safety Act, 1996 (Act No. 29 of 1996)

3.7 Diamond Export Levy (Administration) Act, 2007

3.8 Broad-Based Black Economic Empowerment Amendment Act, 2013

4 The South African Mining Industry – Prospecting and Mining Rights

4.1 Application for a Prospecting Right or a Mining Right

4.2 Prospecting Right

4.2.1 Conditions

4.2.2 Rights

4.2.3 Duration

4.2.4 Renewal

4.3 Mining Right

4.3.1 Conditions

4.3.2 Rights

4.3.3 Duration

4.3.4 Renewal

5 The South African Mining Industry – Prospecting and Mining Obligations

5.1 Prospecting Rights Holders

5.2 Mining Right Holders

5.3 Retention Right Holders

5.4 Environmental Protection and Assessment

5.5 Issuance of a Closure Certificate

5.6 Cancellation and Suspension of Rights

6 The South African Mining Industry – Key Fiscal Terms

6.1 Royalties

6.2 Depreciation

6.3 Corporate Tax

6.4 Capital Gains Tax

6.5 Dividend Tax

6.6 Withholding Tax

6.7 Value Added Tax (VAT)

7 The South African Mining Industry – Future Development

8 Appendix

8.1 Abbreviations

8.2 Secondary Research

8.3 Primary Research

8.4 Contact GlobalData

8.5 About GlobalData

8.6 GlobalData’s Services

8.7 Disclaimer

List of Tables

Table 1: The Mining Industry in South Africa – Key Taxes and Rates, 2016

Table 2: The Mining Industry in South Africa – Depreciation Years, 2016

List of Figures

Figure 1: The Mining Industry in South Africa – Commodity Mines at Different Stages (Number of Mines), 2016

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