South Africa's Mining Fiscal Regime 2021

Table of Contents
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
6 Taxes and Royalties
6.1 Royalties
6.2 Depreciation
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 Appendix
7.1 Abbreviations
7.2 Methodology
7.3 Coverage
7.4 Secondary Research
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List of Tables
Table 1: South Africa's Mining Fiscal Regime - DMRE Programmes, 2021
Table 2: South Africa's Mining Fiscal Regime - MHSC Committees, 2020
Table 3: South Africa's Mining Fiscal Regime - Depreciation Write-off Period (Years), 2021

List of Figures
Figure 1: South Africa's Mining Fiscal Regime - Country Overview, 2021
Figure 2: South Africa's Mining Fiscal Regime - Nominal GDP (US$ Billion) and Real GDP Growth Rate (%), 2001-2021
Figure 3: South Africa's Mining Fiscal Regime - Total Foreign Direct Inflow (FDI), 2015-2019
Figure 4: South Africa's Mining Fiscal Regime - Ease of Doing Business in South Africa, Global Ranking, 2029 - 2020
Figure 5: South Africa's Mining Fiscal Regime - Corruption Perception Index, 2016-2020