Country Profile: South Africa

Financial Transactions Tax (FTT): Yes – tax in place

• Securities Transaction Tax: 
• The tax rate of 0.25% is levied for transfers of shares in a company or member’s interest in a related corporation.
• STT applies to the purchase and transfer of listed and unlisted securities or depositary receipts.
• Transfers of securities where no change in beneficial ownership takes place or where the liability of the tax is less than ZAR 100 in respect of the transfer of all securities during a month are exempt from STT.
• The issue of new shares, a transfer of securities due to a reorganization or to a public benefit organization, and a transfer of shares in a headquarter company or a REIT are also exempt from STT (Burnleit and Girlat 2018, 18).

Source: Not specified

Carbon Price: Yes – Carbon pricing instrument in place

• Instruments: National Carbon tax
• % of emissions covered: 0.82
• Price: R190 (US$10.09)
• Revenue: R2,268 million (US$127 million)
• Sectors covered: Electricity and heat, Industry, Mining and extractives, Aviation, Buildings, Agriculture, forestry and fishing fuel use, Waste
• Offsetting: Yes, with quantitative limit

Source

Oil & Gas Revenues:

• Total government revenue from oil & gas in 2022: $2.7 billion
• Share of oil & gas activity covered: Mostly mining%

Source: PBPR