South Africa - 04

South Africa: New Mining Charter Preludes Upstream Black Economic Empowerment

Minister Zwane announced on 6 June 2017 that the much-delayed update to the Mining Charter will be published in the Government Gazette by mid-June. Proposed amendments to the Mineral and Petroleum Resource Development Act (MPRDA) Amendment Bill suggest that the upstream oil and gas sector will not be required to comply with the Mining Charter.

South Africa - 04

South Africa: IMF Fiscal Regime Report Provides Support for IOCs

On 1 August the IMF published its report on petroleum sector fiscal regime reform in response to South Africa’s request for technical assistance. The report provides additional analysis for the Davis Tax Committee (DTC), which was established by Finance Minister Pravin Gordhan in July 2013 to assess the tax policy framework and how it supports