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Wednesday, October 7, 2026

News24 | Mining boom boosts SA govt finances as PwC lauds ‘fantastic’ local tax regime

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The sun sets behind a shaft outside the mining town of Carletonville, west of Johannesburg. South Africa’s precious metals boom is delivering a substantial boost to government coffers, with taxes paid by mining companies more than doubling to R50 billion in the past year.

The sun sets behind a shaft outside the mining town of Carletonville, west of Johannesburg. South Africa’s precious metals boom is delivering a substantial boost to government coffers, with taxes paid by mining companies more than doubling to R50 billion in the past year.

Siphiwe Sibeko/Reuters

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Rand - Dollar

16.54

+0.6%

Rand - Pound

21.96

+0.2%

Rand - Euro

18.62

+0.3%

Rand - Aus dollar

11.55

+0.4%

Rand - Yen

0.10

+0.8%

Platinum

1,715.90

-0.9%

Palladium

1,171.00

-0.4%

Gold

4,163.12

+0.6%

Silver

61.30

+0.4%

Brent Crude

100.32

-1.9%

Top 40

101,162

+0.5%

ALSI

108,881

+0.5%

RESI 10

118,669

-0.8%

INDI 25

117,700

+0.8%

FINI 15

24,901

+1.5%

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