MINING SECTOR OVERVIEW
GOING ABOVE GROUND By Koketso Mamabolo
In his Medium-Term Budget speech, the Finance Minister spoke about how growth in the commodities market has given the government room to allocate funding for addressing poverty and unemployment, but called for caution, “Taxes paid by the mining sector have been strong, due to the commodity price rally which continued through the first half of 2021. Notably, however, precious metal prices have started to soften. This means the revenue gains from the commodity price rally are expected to be temporary. Therefore, we should be careful about our spending commitments.”
SOURCES
dmr.gov.za
engineeringnews.co.za
afdb.org
miningweekly.com
enerdata.net
statssa.gov.za
statists.com
treasury.gov.za
tradingeconomics.com
154
IMPUMELELO TOP EMPOWERMENT
2 1 ST E D I T I O N