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South Africa’s Mining Fiscal Regime 2019

November 2019 | 33 pages | ID: S8D809E43EDFEN
GlobalData

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South Africa’s Mining Fiscal Regime 2019

SUMMARY

GlobalData's “South Africa’s Mining Fiscal Regime 2019” report outlines the country's governing bodies, laws, mining licenses, rights and obligations. It envisages tax and royalty related information on mineral commodities.

South Africa has abundant mineral resources, such as gold, platinum group metals (PGM), manganese, iron ore, copper, nickel, diamond and coal. The Department of Mineral Resources (DMR) is the primary organization that regulates the country’s mining industry. It formulates mining policy pertaining to exploration, development, utilization and processing by the country’s mining industry. Department of Energy (DoE), National Nuclear Regulator (NNR), Mine Health and Safety Council (MHSC) and Department of Environmental Affairs are some of the other important regulatory authorizes in the country.

SCOPE
  • The report outlines the governing bodies, laws, mining licenses, rights, obligations and key fiscal terms which includes central taxes, royalties, corporate income tax, depreciation, withholding tax, and value added tax (VAT)
REASONS TO BUY
  • To gain an overview of the South Africa's mining fiscal regime
  • Find out South Africa's governing bodies, major laws in the industry
  • Identify mineral licenses and mining areas in the country
1.1 List of Tables
1.2 List of Figures

2 SOUTH AFRICA’S MINING FISCAL REGIME: EXECUTIVE SUMMARY

3 SOUTH AFRICA’S MINING FISCAL REGIME: EASE OF DOING BUSINESS

3.1 Macroeconomic Performance
3.2 Ease of Doing Business
3.3 Corruption Index
3.4 Minerals Overview

4 SOUTH AFRICA’S MINING FISCAL REGIME: GOVERNING BODIES

4.1 Department of Mineral Resources (DMR)
  4.1.1 Council for Geoscience (CGS)
  4.1.2 Mine Health and Safety Council (MHSC)
  4.1.3 Council for Mineral Technology (MINTEK)
  4.1.4 Mining Qualifications Authority (MQA)
  4.1.5 South African Diamond and Precious Metals Regulator (SADPMR)
  4.1.6 State Diamond Trader (SDT)
4.2 Department of Energy (DoE)
  4.2.1 Nuclear Energy Corporation of South Africa (NECSA)
  4.2.2 National Electricity Regulator of South Africa (NERSA)
  4.2.3 Central Energy Fund (CEF) Group of Companies
  4.2.4 National Nuclear Regulator (NNR)
4.3 Department of Environmental Affairs

5 SOUTH AFRICA’S MINING FISCAL REGIME: LAWS, LICENSES, AND PERMITS

5.1 Minerals and Petroleum Resources Development Act
5.2 Mineral and Petroleum Resources Royalty Act
5.3 Precious Metals Act
5.4 Precious Metals Licenses and Permits
5.5 Nuclear Energy Act
5.6 National Nuclear Regulator Act
5.7 Mine Health and Safety Act
5.8 Diamond Export Levy (Administration) Act
5.9 Broad-Based Black Economic Empowerment Amendment Act

6 SOUTH AFRICA’S MINING FISCAL REGIME: PROSPECTING AND MINING RIGHTS

6.1 Application for a Prospecting Right or a Mining Right
6.2 Prospecting Right
  6.2.1 Conditions
  6.2.2 Rights
  6.2.3 Duration
  6.2.4 Renewal
6.3 Mining Right
  6.3.1 Conditions
  6.3.2 Rights
  6.3.3 Duration
  6.3.4 Renewal

7 SOUTH AFRICA’S MINING FISCAL REGIME: PROSPECTING AND MINING OBLIGATIONS

7.1 Prospecting Rights Holders
7.2 Mining Right Holders
7.3 Retention Right Holders
7.4 Environmental Protection and Assessment
7.5 Issuance of a Closure Certificate
7.6 Cancellation and Suspension of Rights

8 SOUTH AFRICA’S MINING FISCAL REGIME: TAXES AND ROYALTIES

8.1 Royalties
8.2 Depreciation
8.3 Corporate Income Tax (CIT)
8.4 Withholding Tax
8.5 Value-Added Tax (VAT)
8.6 Diamond Export Levy
8.7 Carbon Tax

9 APPENDIX

LIST OF TABLES

Table 1: South Africa’s Mining Fiscal Regime - Key Taxes and Royalty Rates, 2019
Table 2: South Africa’s Mining Fiscal Regime - Ease of Doing Business, Global Ranking, 2018-2019
Table 3: South Africa’s Mining Fiscal Regime - MHSC Committees, 2019
Table 4: South Africa’s Mining Fiscal Regime - MINTEK Divisions, 2019
Table 5: South Africa’s Mining Fiscal Regime - Depreciation Write-off Period (Years), 2018

LIST OF FIGURES

Figure 1: South Africa’s Mining Fiscal Regime - Country Overview, 2018
Figure 2: South Africa’s Mining Fiscal Regime - Nominal GDP (US$ Billion) and Real GDP Growth Rate (%), 2001-2018
Figure 3: South Africa’s Mining Fiscal Regime - Mining Sales and Production, 2016-2018
Figure 4: South Africa’s Mining Fiscal Regime - Ease of Doing Business in South Africa, Global Ranking, 2018-2019
Figure 5: South Africa’s Mining Fiscal Regime - Corruption Perception Index Rank, 2014-2018
Figure 6: South Africa’s Mining Fiscal Regime - EoDB and CPI Ranking
Figure 7: South Africa’s Mining Fiscal Regime - Minerals Production Trend, 2011-2018
Figure 8: South Africa’s Mining Fiscal Regime - Mines/Projects by Commodity and Stage, 2019
Figure 9: South Africa’s Mining Fiscal Regime - Depreciation Write-off Period (Years), 2018
Figure 10: South Africa’s Mining Fiscal Regime - Withholding Tax, 2018
Figure 11: South Africa’s Mining Fiscal Regime - VAT, 2018


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