Abstract:
Africa is well endowed with various mineral resources which are extracted from the soil and ultimately processed into products that are used in the everyday life of individuals across the globe.
There is however a perception that Africa is an uncertain destination for business investment, has poor governance, a prevalence of corruption, questionable or no legislature and unclear income tax and royalty regimes.
This study therefore provides insight into investment in Africa from a tax perspective with a particular interest in Angola, Nigeria, South Africa and Zambia. Aspects of each of the abovementioned countries are briefly discussed with a focus on what minerals can be found in these countries. The study also discusses the taxes applicable to mining companies that operate in each of the chosen countries as well as whether tax incentives are granted to facilitate investment in these countries.
This study ultimately concludes on the most suitable country for investment purposes based on the mineral resources found in the country, political stability and workforce, taxes applicable to the mining industry as well as tax incentives granted.
