Making The Most Of South Africas Mineral Wealth

This paper aims to contribute to the international policy debate around profit shifting, tax avoidance and SSA’s revenue mobilization efforts in three ways. First, it examines the importance of mining, the role of multinational enterprises (MNEs), and mining revenue outcomes in SSA. Second, it assesses the magnitude of profit shifting in mining drawing on new macro level research, supplemented by case studies to illustrate the lived experience of tax avoidance in SSA mining. Third, the paper identifies tax policy reforms that could boost revenue mobilization in SSA.

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1893 edition. Excerpt: ... the United States at the last Census, in 1890: --Appendix I. f 'Keport on Mineral Industries in the United States at the Eleventh Census, 1890, ' p. 34, by K. P. Kothwcll. At the present time the Transvaal stands fourth on the list of the gold-producing countries of the world, and it needs no prophetic vision to see that it must soon rank first. In 1890, the gold production of the whole of Australia and New Zealand was only 6,000,000, and of the whole of the United States of America, 6,500,000, and the production of both these countries is now about stationary;" so that an increase of 45 per cent. on last year's output will place the Transvaal at the head of the list. That consummation cannot long be delayed. It is difficult to exaggerate, where the facts are so extraordinary. The proved mineral wealth of South Africa is already one of the wonders of the world, but what is not so generally realised is the vast extent of the still unexplored and undeveloped regions of the country. In making the above forecast, reliance has been placed mainly, if not exclusively, on the progressive output of Witwatersrand, which is already producing over 5,000,000 worth of gold per annum from a narrow strip of country not more than ten or twelve square miles in area, constituting the first row of claims only on the outcrop of the Main Reef series. Until quite recently, it was a matter of pure conjecture to what distance below the outcrop the conglomerate reefs would continue, and, if continuing, to what extent they would remain auriferous. Doubt on both these points is now set at rest by the evidence afforded by the Great Borehole, f which has been sunk at a spot nearly 4,100 feet south of the outcrop, and which in June, 1893, actually...

The first part of this booklet provides a brief introduction to the Namibian economy, apartheid society and the struggle for liberation. It is followed by a description of the North American corporations involved in the extraction of Namibia's wealth. The author, who is research director of The Africa Fund, examines the role played by these corporations in South Africa's war, and argues in the concluding section that the Reagan Administration policy bears major responsibility for the continued sufferings of the Namibian people. See also Breaking the Economic Links with Namibia's Exploiters: Divestment Action in the United States, a paper presented to the International Seminar on The Role of Transnational Corporations in Namibia, Washington, 1982, 10 p. (Eriksen/Moorsom 1989).