MINERALS COUNCIL SOUTH AFRICA: MEDIUM-TERM BUDGET SOUNDS A CLEAR WARNING ABOUT THE STATE OF SOUTH AFRICA'S PUBLIC FINANCES
November 02, 2023
November 02, 2023
JOHANNESBURG, South Africa, Nov. 2 -- The Minerals Council South Africa issued the following news release:
The Medium-Term Budget Statement (MTBS) laid bare the consequences of the failures of state-owned entities like Transnet and Eskom, which is negatively affecting the mining sector's profitability and government tax revenue.
In a stark illustration of this, the mining corporate tax take in the first half of 2023/24 is down by R24.6 billion, or 55.4%, relative t . . .
The Medium-Term Budget Statement (MTBS) laid bare the consequences of the failures of state-owned entities like Transnet and Eskom, which is negatively affecting the mining sector's profitability and government tax revenue.
In a stark illustration of this, the mining corporate tax take in the first half of 2023/24 is down by R24.6 billion, or 55.4%, relative t . . .