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Gordhan: No super tax planned

Johannesburg - South Africa is not considering introducing a tax on mining companies such as the one being mooted by Australia, Finance Minister Pravin Gordhan said on Tuesday.

"We have no such policy intent at the moment," Gordhan said in response to questions of whether South Africa would implement a mining super tax.

"But at all times we will keep taxation of all sectors of the economy under review and see whether change is required."

South Africa’s economic growth figures for the second quarter were disappointing, but hopefully, the economy could still grow by more than 3% this year, he also said.

“Today’s GDP figures are disappointing to say the least. But hopefully we can still get beyond 3% as we go towards the rest of the fiscal year,” Gordhan told students at the University of Cape Town late on Tuesday.

Data showed GDP growth slowed sharply to 1.3% quarter-on-quarter in the second quarter, lower than forecasts of 1.6%.

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