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Anglo’s tax, economic contribution to S Africa totals nearly $8.5bn in 2020

30th June 2021

By: Tasneem Bulbulia

Deputy Editor Online

     

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Global miner Anglo American’s total tax and economic contribution in South Africa in 2020 was $8.49-billion, the group’s Tax and Economic Contribution Report for 2020 shows.

Total tax borne and collected was $2.03-billion.

Corporate income tax was $1.23-billion; royalties and mining taxes were $356.4-million; other payments borne were $56.9-million; and taxes collected were $383.9-million.

For the year, Anglo’s capital investment in South Africa was $1.25-billion; its wage and related payments were $1.63-billion; its in-country procurement was $3.11-billion; its total procurement was $3.53-billion; and its corporate social investment was $54.5-million.

Globally, Anglo’s total taxes borne and collected amounted to $5.27-billion.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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