The impact of the Minerals and Petroleum Resources Royalty Act on the South African mining industry: a critical analysis

The Minerals and Petroleum Resources Royalty Act (MPRRA) became effective on 1 March 2010. This legislation may have a significant impact on employment, foreign investment and future exploration in the South African mining industry. This article reports on a critical analysis of the MPRRA prior to i...

Full description

Published in: Meditari accountancy research Vol. 18; no. 2; p. 89
Main Authors: P. van der Zwan, P. Nel
Format: Journal Article
Language: Afrikaans
English
Published: Pretoria Emerald Group Publishing Limited 07-01-2010
Subjects:
Online Access: Get full text
Summary: The Minerals and Petroleum Resources Royalty Act (MPRRA) became effective on 1 March 2010. This legislation may have a significant impact on employment, foreign investment and future exploration in the South African mining industry. This article reports on a critical analysis of the MPRRA prior to its implementation in order to identify aspects that may impact adversely on the South African mining industry and would require further research after the implementation of the MPRRA. Based on the findings, the authors recommend that the impact of the level of royalties levied as well as the mechanism to promote downstream beneficiation be researched to establish whether the legislators ought to reconsider these provisions in the light of their impact on the mining industry. [PUBLICATION ABSTRACT]
ISSN: 2049-372X
2049-3738
DOI: 10.1108/10222529201000012