Session Two: “Mining Tax Regimes in Africa and Illicit Financial Flows (IFF)”

The first presentation in this session was by Saviour Mwambwa of Tax Justice Network Africa. After an initial overview of mineral taxation in sub-Saharan Africa (SSA) the presenter proceeded to discuss some of the factors behind poor mining tax revenue mobilisation in SSA. These include: the erosion of tax base due to factors (such as lack of effective ring fencing, treatment of hedging, reference prices and control of production, export and by products); and the ineffectiveness of corporate profit based tax standard instruments in the mining sector.


Discussions of First Session presentations

  • There was a concern that the African Mining Vision is gender blind and also silent on climate change. Therefore a question was posed about whether the African Mining Vision could be revised to include these considerations? Furthermore, the participants recognized and appreciated the changing attitudes towards women in the mining sector, as reflected by WOMIN’s gender and extractive activities.

Session One: Africa Mining Vision: Context and Key Features

The first speaker in this session was Yao Graham of TWN-Africa. His presentation was on the “Context of the AMV” (Powerpoint attached). It analysed the political economy of mining in Africa as a dimension of the continent’s raw material commodity export dependence and what this has meant for the structure of Africa’s economies, nature of integration into the world economy and the effects of the dependence. This was offered as the fundamental reality that the AMV seeks to address.


$800 million gold smuggled every month

Zimbabwe is losing gold worth about $800 million every month through smuggling and underground dealings involving locals and international cartels.

The figure is stated in an unofficial document produced by a private citizen has been forwarded to Vice President Joice Mujuru, Finance Minister Patrick Chinamasa, several other ministries, the International Monetary Fund and the World Bank. The nation is currently reeling under an acute cash crunch and a debt of $9.9 billion.


Call for the Disclosure of salaries of top executives at ZMDC and MMCZ

February 10th, 2014
In recent weeks, the media has been awash with shocking revelations of quasi-parastatals and council staff salaries. It has been reported that Premier Medical Aid Services (PSMAS) CEO, Cuthbert Dube, has been earning over US$230 000 a month. This came hot on the heels of equally scandalous reports that the now suspended Zimbabwe Broadcasting Corporation (ZBC) CEO Happison Muchechetere has been earning over US$40 000 a month. Currently, the media focus is on the astounding salaries of over US$30 000 being earned by the top staff at the Harare City Council.


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