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

P. van der Zwan (School of Accounting Sciences, Workwell Research Unit, North West University)
P. Nel (Department of Taxation, University of Pretoria)

Meditari Accountancy Research

ISSN: 1022-2529

Article publication date: 1 October 2010

1258

Abstract

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.

Keywords

Citation

van der Zwan, P. and Nel, P. (2010), "The impact of the Minerals and Petroleum Resources Royalty Act on the South African mining industry: a critical analysis", Meditari Accountancy Research, Vol. 18 No. 2, pp. 89-103. https://doi.org/10.1108/10222529201000012

Publisher

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Emerald Group Publishing Limited

Copyright © 2010, Emerald Group Publishing Limited

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