By Johnathan Paoli
President Cyril Ramaphosa has defended the current policy path while acknowledging the ongoing need for better governance, service delivery, and regulatory efficiency.
He also stressed his administration’s focus on long-term structural reforms, economic inclusion, and growth driven by minerals.
Despite disruptions by the EFF in Parliament, including interruptions regarding unidentified presidential protectors, Ramaphosa provided extensive responses in the National Assembly.
He addressed questions on mineral resource taxation, racial policy classifications, economic strategy, rising living costs, and South Africa’s diplomacy amid the Russia-Ukraine conflict.
In response to an ANC MP Mdumiseni Ntuli, Ramaphosa discussed enhancing South Africa’s mineral wealth management amidst global shifts towards renewable energy.
He noted a World Bank report revealing that South Africa currently captures only 40% of potential revenue from natural resources but clarified there are no immediate plans for a mineral royalty overhaul or a new resource rent tax.
“Any company that extracts
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
