Johannesburg - The Chamber of Mines says the mining sector
will shed tens of thousands of jobs if ANC delegates decide to impose higher
taxes on it, according to a report on Friday.
"It will mean a lot of marginal mines will need to be
mothballed and, in terms of job losses, the probability is that it would run
into the tens of thounsands," Chamber of Mines CEO Bheki Sibiya told the
"Our engagement with the ANC will probably be more
intense after Mangaung."
The ANC elective conference in Mangaung, which starts on
Sunday, will finalise decisions on policies that the government will then take
The newspaper reported that the party would probably adopt a
proposed mineral resource rent tax of 50% on profits above 15% of normal
This year, the mining sector lost 15 000 jobs in the third
quarter after months of wildcat strikes across mines.
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