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South Africa to up the rent because nationalisation would break the bank

Joshua Zapf | June 25, 2012 | 6:50 pm Base Metals Precious Metals Africa Diamond Gold Platinum 

The African National Congress (ANC) has proposed a tax on mining companies that should raise R40 billion for the South African government. The Resource Rent Tax is a 50% taxation on any mining company's profits that exceed 15% return on...

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