# President Cyril Ramaphosa says South Africa’s current mineral royalty system is effective and there are no plans to reform it. He told Parliament the royalty regime already reflects principles of resource rent tax, ensuring the country benefits when mining companies earn high profits. Ramaphosa says royalties rose from 14.2-billion- to 28.5-billion-rand during the 2020 to 2022 commodity boom and contributed significantly to national revenue:
Ramaphosa says no changes are planned for mineral royalty system amid robust revenue gains [SOUND]
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