The record level was thanks to high commodity prices that gave the ailing domestic economy a much-needed boost. The higher tax revenue generated from this -albeit lower than 2021- will probably increase government’s expected surplus and give the finance minister, Enoch Godongwana, much more wiggle room as the National Treasury figures out how to balance the scales ahead of the 2022/23 budget speech in a couple of weeks.
Baxter said: “If the rail network was operating at nameplate capacity, with a few minor enhancements, South Africa would realise R151 billion more in bulk mineral sales.”We remain concerned about the worsening constraints in rail and port logistics, which means we have yet again forfeited the benefits of high commodity prices and demand, as well as inadequate electricity supply.
On the seeming tension between Transnet and the MCSA, Mantashe said: “There’s no need for me to intervene if there’s an impasse. We can enter, we can call each other names, the solution is on working together and getting solutions.” Investors have increasingly expressed frustration about a myriad of issues, including illegal mining and the general lack of the rule of law, as well as the lack of a cadastre system, which the industry has been calling for. The current Samrad online portal, which the department uses, has been blamed for delays in the issuance of exploration rights and lack of transparency.
This is all PR for Ramaphosa to boost his useless image
Proof of this ? Non as the masses are poorer, unemployment continues to rise , taxes attained from these extractions will be squandered.
Does it mean if we Nationalized and Expropriated Goverment could have had another R1 Trillion on top?
Why is there a picture of Gwede as if it was due to his input and competency?
But we're in debt while we are producing those minerals, that's shit
Follow the money
Yeah yeah yeah...now who owns those mines?
Who benefited ?
Why are minerals' sales,on our television screens,expressed in rands per ounces instead of grams or kilograms. SA uses grams and kilograms,not ounces!
no thanks to this sad excuse of a minister.
It will be looted by greedy capitalists, the very masterminds & beneficiaries of apartheid. The Germans severely punished those who committed crimes against humanity but in SA, same devils are looting SA with provocation. Which party will unseal CODESA & punish these thieves?
Mining saves the day..... MiningIndaba2023
Where is the money? We are sick & tired of these astronomical figures that are being branded around but we have nothing to show for it. The discussion should now be shifting to answer this question. What will it take for South Africans to be impacted by this mineral economy.
50% to government would feed many families
Who is benefiting
Imagine what it could have been if we had electricity.
What are we benefiting as Black ppl ther coz we languishing in poverty yet we worth Trillions on mineral
We need a CEO for Eskom are you available?
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Source: City_Press - 🏆 7. / 72 Read more »