South Africa - 05

South Africa: MPRDA Update: Uncertainty to Continue into 2016

Despite negotiations between the oil and gas industry and the Department of Mineral Resources over aspects of the MPRDA Amendment Bill, the legislative process is unlikely to be resolved in time for the bill to be finalized in 2015 or even early 2016. As a result, the uncertainty for IOCs over key aspects of the bill such as the fiscal terms, levels of black economic empowerment (BEE) ownership and local procurement and degree of ministerial discretion will continue until at least Q2 2016.

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