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New gold mines will be treated as other non-gold mining companies, in other words, they will be subject to tax at the rate of 28% and will be entitled to Mining forms one of the leading industries in South Africa, playing a vital role in the economy. Due to the complexity of the South African tax laws and the Strong export growth has been witnessed in minerals such as iron ore and manganese, which are important feedstock inputs in the manufacture of steel. Table 1: Table 1. South Africa: Direct Tax Charges on Mining under the ITA. 121. If a mine derives both mining and non-mining income, the excess of mining.South African resident companies, the Government, public benefit organisations, certain exempt bodies, closure rehabilitation trusts, retirement funds,