South Africa’s Mining Fiscal Regime 2019

Table of Contents

• 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