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Non-tax resident shareholders selling their shares (whether directly or indirectly through intermediary companies) in South African mining companies or prospecting companies may be subject to South African CGT, and if so the purchaser is obliged to withhold 7.5% of the purchase price as an advance payment of such CGT and pay it over to SARS.

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The Orange River Project was the first infrastructure project that used equipment in South Africa. Over 300 pieces of equipment worked on the 30-year project that began in 1963. It included three major dams, nine smaller dams, 51.5 miles of tunnels, and several hydroelectric power stations.

Find out more about our Gold Mining products here. Skip to content Mon - Thu: 9AM - 4PM | Fri 9AM - 2PM 304 Zambesi Drive, Sinoville, Pretoria +27 (0) 12 543 0198

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MEMSA is a manufacturing industry cluster organisation. We operate nationally and have members across South Africa. With the mining equipment industry being concentrated in Gauteng, our offices are located in the Mining Precinct in Johannesburg, a hub for mining-related conversations, research and organisations.

Address: Afgen House, 15 Kyalami Boulevard, Kyalami Business Park, Midrand, Gauteng, South Africa Phone: +27 (0) 11 466-2055 or 076 403 8051 Email: [email protected]

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