The impact of mineral resource rent tax on the financial performance of mining companies in South Africa

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dc.contributor.authorMathivha, Mukondeleli
dc.date.accessioned2017-09-20T11:35:22Z
dc.date.available2017-09-20T11:35:22Z
dc.date.issued2017
dc.descriptionThesis (M.M. (Finance & Investment)--University of the Witwatersrand, Faculty of Commerce, Law and Management, Wits Business School, 2017
dc.description.abstractThis study assesses the impact of a change in tax system in South Africa and the effects caused thereof on both the government and mining companies .This is done by comparing different tax models and analyzing the results to determine their suitability to be used in South Africa. A hypothetical case study is used to achieve the goals of the study by employing six different case scenarios under different threshold rates, tax rates and corporate income tax rates on a mining project. An NPV generated from a discounted cash flow under each scenario is used to evaluate the project success, the tax revenue generated shows how much government stands to make. The results show that the project NPV is highest when both the corporate income tax rate and the resource rent tax rate are reduced. The study also reveals reducing the tax rate has a greater effect on changing project NPV and potential government revenue than reducing the threshold rate and/or the corporate income tax rate. An assessment on the readiness of South Africa to changing tax systems shows that although the resource rent tax system can generate high revenues for government, the disadvantages of changing tax systems on the country as a whole currently outweigh the advantagesen_ZA
dc.description.librarianMT2017en_ZA
dc.format.extentOnline resource (44 leaves)
dc.identifier.citationMathivha, Mukondeleli (2017) The impact of mineral resource rent tax on the financial performance of mining companies in South Africa, University of the Witwatersrand, Johannesburg, <http://hdl.handle.net/10539/23131>
dc.identifier.urihttp://hdl.handle.net/10539/23131
dc.language.isoenen_ZA
dc.subject.lcshMines and mineral resources--Taxation--South Africa
dc.subject.lcshTaxation--South Africa
dc.titleThe impact of mineral resource rent tax on the financial performance of mining companies in South Africaen_ZA
dc.typeThesisen_ZA
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