Nene promises consultations, should the ANC change mining taxes

"If anything comes out of the ANC conference that requires us to change mining taxes we will go through a process of consultation," he said. "We will not be reckless. We are never reckless with changes to tax policy."

The conference is expected to discuss today (Tuesday) how to better benefit from the country's mineral wealth. While a minority of ANC Youth League members and some trade unionists call for outright nationalisation, the majority view, which was also the one adopted by the ANC policy conference in June, is that some sort of tax should be implemented, in addition to other recommendations contained in a research paper commissioned by the ANC and published in February. This will be fought out on Tuesday.

According to BDLive, business representatives at the meeting also raised with Nene a range of other concerns.

Read the full article on www.bdlive.co.za.