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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Profile/New Launches

South Africa Mine Union supports resource tax

Posted on 29 May 2012

The South African National Union of Mineworkers supports the ruling African National Congress’s proposal for a resource-rent tax for the mining industry as an alternative to nationalizing mines, Business Day reported, citing the union.
The additional taxes raised should be used for a sovereign wealth fund and a state-owned mining company, the union proposed at its national congress last week, according to the Johannesburg-based newspaper………………………………………..Full Article: Source


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