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  • Finweek - English

    Tax boost to government as mineral prices soar

    Jan 31, 2020 3 minutes
    By David McKay

    rocketing platinum group metal (PGM) prices, especially palladium, is good news for the government as well as for shareholders of the companies that produce them.

    The government is not often mentioned in the same breath in a discussion about shareholder returns, but it benefits significantly from a strong financial performance by the sector – if only government officials would recognise it more when it came to policy.

    Rand-based prices for several South African-mined metals and minerals were significantly higher in 2019: up 38% year-on-year for the PGM

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