Summary:The mission first sought to understand the committee’s further objectives in reforming the fiscal regime. The DTC’s focus was on defining a robust and stable fiscal regime appropriate to the South African context, with a focus on maintaining a palatable regime for investors. However, the potential instability of the current regime in the event of a large discovery was also recognized by the committee, particularly in the country’s current fiscal context. The importance of revenue generation was also highlighted, given the current urgent revenue needs of the fiscus.
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