Minerals Council says fiscus will require full potential of mining sector to be unlocked
Following government’s tabling of the third iteration of the 2025 National Budget on May 21, the Minerals Council South Africa says it once again shows that, in the absence of sustained higher levels of real GDP growth, South Africa’s public finances remain particularly exposed to domestic and global shocks. To assist in preventing additional tax rises in coming years, the full potential of mining must be unlocked, the council states, adding that the global scramble to secure critical minerals provides a golden opportunity for mining to increase its already sizeable contribution to the South African economy.
Following government’s tabling of the third iteration of the 2025 National Budget on May 21, the Minerals Council South Africa says it once again shows that, in the absence of sustained higher levels of real GDP growth, South Africa’s public finances remain particularly exposed to domestic and global shocks.
To assist in preventing additional tax rises in coming years, the full potential of mining must be unlocked, the council states, adding that the global scramble to secure critical minerals provides a golden opportunity for mining to increase its already sizeable contribution to the South African economy.
