Top stories
More news
Marketing & Media
Chicken Licken bravely debones a rare phobia with their latest campaign
Joe Public 1 day
Subscribe & Follow
Trending
Advertise your job vacancies
Jobs
- Safety - Field Compliance Coordinator Saudi Arabia
- Project Control - Scheduler Saudi Arabia
- Journalist - Energize Johannesburg
- External Sales Representative - Exports Vereeniging
ANC: coal a strategic resource; no export tax on minerals
According to Independent Newspapers, Enoch Godongwana, the African National Congress official charged with shepherding the party's policies on transforming the mining sector, said the ANC is looking to make coal a strategic resource, bolster the capacity of a state mining firm and hold off on imposing export taxes on minerals.
During a policy conference this week, the ANC is debating ways to have the South African mining sector pay a greater share to alleviate poverty, income disparity and chronic unemployment.
Godongwana said that delegates are keen to protect SA's plentiful coal reserves, used to produce almost all of the country's power. He added that the debate on mining has been "rational and responsible". The comments indicate the ANC may be putting to rest investor-alarming calls for blanket nationalisation of the sector - a move dismissed by President Jacob Zuma and seen by economists as having the potential to bankrupt the state, Independent Newspapers reports.
Read the full article on www.iol.co.za.
