Published : May-2018
No. of Pages : 28
1 Table of Contents 1
1.1. List of Tables 3
1.2. List of Figures 4
2. South Africa's Mining Fiscal Regime: Executive Summary 5
3. South Africa's Mining Fiscal Regime: Ease of Doing Business 6
4. South Africa's Mining Fiscal Regime: Governing Bodies 9
4.1. Department of Mineral Resources (DMR) 9
4.1.1. Council for Geoscience (CGS) 9
4.1.2. Council for Mineral Technology (Mintek) 10
4.1.3. Mining Qualifications Authority (MQA) 10
4.1.4. South African Diamond and Precious Metals Regulator (SADPMR) 10
4.1.5. State Diamond Trader 11
4.2. Mine Health and Safety Council (MHSC) 12
4.3. Department of Energy (DoE) 13
4.3.1. National Nuclear Regulator (NNR) 13
4.4. Department of Environmental Affairs 13
5. South Africa's Mining Fiscal Regime: Laws, Licenses, and Permits 14
5.1. Minerals and Petroleum Resources Development Act 14
5.2. Mineral and Petroleum Resources Royalty Act 14
5.3. Precious Metals Act 14
5.4. Precious Metals Licenses and Permits 15
5.5. Nuclear Energy Act 15
5.6. National Nuclear Regulator Act 15
5.7. Mine Health and Safety Act 15
5.8. Diamond Export Levy (Administration) Act 15
5.9. Broad-Based Black Economic Empowerment Amendment Act 16
6. South Africa's Mining Fiscal Regime: Prospecting and Mining Rights 17
6.1. Application for a Prospecting Right or a Mining Right 17
6.2. Prospecting Right 17
6.2.1. Conditions 17
6.2.2. Rights 17
6.2.3. Duration 17
6.2.4. Renewal 18
6.3. Mining Right 18
6.3.1. Conditions 18
6.3.2. Rights 18
6.3.3. Duration 18
6.3.4. Renewal 18
7. South Africa's Mining Fiscal Regime: Prospecting and Mining Obligations 19
7.1. Prospecting Rights Holders 19
7.2. Mining Right Holders 19
7.3. Retention Right Holders 19
7.4. Environmental Protection and Assessment 20
7.5. Issuance of a Closure Certificate 20
7.6. Cancellation and Suspension of Rights 20
8. South Africa's Mining Fiscal Regime: Taxes and Royalties 21
8.1. Royalties 21
8.2. Depreciation 22
8.3. Corporate Income Tax (CIT) 23
8.4. Withholding Tax 23
8.5. Value-Added Tax (VAT) 24
8.6. Diamond Export Levy 25
8.7. Carbon Tax 25
9. Appendix 26
9.1. Abbreviations 26
9.2. Methodology 26
9.2.1. Coverage 26
9.2.2. Secondary Research 26
9.3. Contact Us 27
9.4. Disclaimer 27
1.1 List of Tables
Table 1: South Africa's Mining Fiscal Regime - Key Taxes and Royalty Rates, 2018 5
Table 2: South Africa's Mining Fiscal Regime - Ease of Doing Business in South Africa, Global Ranking, June 2016 - June 2017 8
Table 3: South Africa's Mining Fiscal Regime - MHSC Committees, 2018 12
Table 4: South Africa's Mining Fiscal Regime - Depreciation Write-off Period (Years), 2018 22
1.2 List of Figures
Figure 1: South Africa's Mining Fiscal Regime - Country Overview, 2017 6
Figure 2: South Africa's Mining Fiscal Regime - Ease of Doing Business in South Africa, Global Ranking, June 2016- June 2017 7
Figure 3: South Africa's Mining Fiscal Regime - Depreciation Write-off Period (Years), 2018 22
Figure 4: South Africa's Mining Fiscal Regime - Withholding Tax, 2018 24
Figure 5: South Africa's Mining Fiscal Regime - VAT, 2018 25
