New gold royalty structure irks miners

The mining sector is one of the major drivers of economic growth and is expected to record growth of 7,3 percent in 2025 and 6,3 percent in 2026, respectively.

PLAYERS in the mining sector have warned that the restructuring of the gold royalty system will further erode already narrow profit margins and threaten the sustainability of the industry. In the 2026 national budget, Finance Minister Mthuli Ncube proposed a harmonised royalty structure for all gold producers, which includes a three percent royalty fee for…

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