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A case for South Africa joining the Extractive Industries Transparency Initiative (EITI)?

A case for South Africa joining the Extractive Industries Transparency Initiative (EITI)?

Launched in Johannesburg at the World Summit for Sustainable Development (WSSD) in 2002, the Extractive Industries Transparency Initiative is a multilateral, multi-stakeholder programme that seeks to improve the governance of the extractive sector globally. It seeks to do this principally through the joint publication of the payments made by companies to countries and the concomitant publication of the receipts of received by the respective country fiscus. These payments and receipts are independently audited under the auspices of a multi-stakeholder committee. To date, some 30 countries have signed up as implementing countries to the EITI. Of the 30 implementing countries, 21 are African. The first and to date only EITI compliant country is Azerbaijan which accepted as fully compliant in February 2009. While EITI candidate countries in Africa include Nigeria, the DRC, Guinea and Ghana, South Africa has not yet joined the EITI, nor has the government indicated an inclination or intention to do so. By contrast, a number of major South African corporations are supportive of the EITI. Moreover a host of MNCs operating in South Africa are also supportive of the EITI. Yet South African NGOs and civil society including organised labour, has been relatively mute on the question. The exception to this disengagement is the South African chapter of Transparency International, the South African Institute of International Affairs and the Southern African Resource Watch.

The workshop was designed to provide a forum for a range of South African stakeholders to discuss the potential for and possibility of South Africa joining the EITI. These stakeholders included the Department of Minerals and Energy, Chairs of Parliamentary Portfolio Committees, the South African Chamber of Mines, Business Leadership South Africa, think tanks and civil society. Given the international and multilateral nature of the EITI, representatives from the multi-stakeholder committees of Nigeria and Ghana along with the Head of the EITI Secretariat participated in the workshop. Delegates from Malawi, Mozambique and Zambia also attended the workshop. Although invited, the head of the EITI Indonesia was invited to provide a broader comparative experience; the representative was unable to travel at this time.

 The complete report can be found here

 

The Politics of Reforming Zambia’s Mining Tax Regime

The Politics of Reforming Zambia’s Mining Tax Regime

Through out the history of copper mining in Zambia, the mining companies have been the major source of revenue to the government. They have done this through the payment ...

Impact of the Global Financial Crisis on Mining in Southern Africa

Impact of the Global Financial Crisis on Mining in Southern Africa

It is projected that if the economy does not improve within the next two years, more than half a million mineworkers in the region will lose their jobs. It is estimated t...

Breaking The Curse

Breaking The Curse

This report has been compiled by a group of African and international civil society organisations concerned about the lack of transparency in mining contracts, as well as...

L’industrie du diamant en République Démocratique du Congo : pour quel développement !

L’industrie du diamant en République Démocratique du Congo : pour quel développement !

Deux provinces en République Démocratique du Congo sont réputées diamantifères au regard de l’exploitation qui les caractérise. Le diamant est exploité en RDC à la fois a...

L’exploitation du Coltan en République Démocratique du Congo: Trafic et Guerre

L’exploitation du Coltan en République Démocratique du Congo: Trafic et Guerre

Le rapport sur l’exploitation du coltan en RDC montre les zones d’exploitation de ce minerai et son commerce, pratiquement dans une ambiance de conflits armés. Le coltan ...

Le Pétrole de Moanda au Bas – Congo: Qui en Bénéficie ?

Le Pétrole de Moanda au Bas – Congo: Qui en Bénéficie ?

L’exploitation pétrolière en République Démocratique du Congo n’est concentrée à ce jour qu’ à Moanda dans la Province du Bas-Congo, en attendant la mise en valeur des au...

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Stock Watch & Charts

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o Freeport-McMoRan 80.50 ▲0.42 (0.52%)
o Intel Corporation 21.25 ▲0.06 (0.28%)
o First Quantum Ltd CA$86.41 ▲0.58 (0.68%)
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Freeport-McMoRan

Company ID [NYSE:FCX] Last trade:80.50 Trade time:4:01PM EST Value change:▲0.42 (0.52%)
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Intel Corporation

Company ID [NASDAQ:INTC] Last trade:21.25 Trade time:4:00PM EST Value change:▲0.06 (0.28%)
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First Quantum Ltd

Company ID [TSE:FM] Last trade:CA$86.41 Trade time:4:21PM EST Value change:▲0.58 (0.68%)

Views & Perspectives

 

Les Torchons Brûlent entre la RDC et l’Angola sur les Zones D’exploitation du Pétrole

sédimentaires du Graben de Tanganyika et du Albertine à l’Est de la RDC. Cette réserv...

 

Chaos Reigns Supreme in Marange Diamonds Fields

established its head office. On this particular day the two directors loaded empty boxes t...

 

Evolution du Processus de Renégociation des Contrats Miniers en RDC

Le Gouvernement de la République Démocratique du Congo a approuvé le rapport de la Comm...

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SARW Partners

OSISA
Works to build and strengthen the values, practices and institutions of an open society throughout Southern Africa.
REVENUE WATCH
Promotes the responsible management of oil, gas and mineral resources for the public good. With effective revenue management, citizen engagement and increased transparency, natural resource wealth can drive development and national growth.
EITI
Sets a global standard for companies to publish what they pay and for governments to disclose what they receive.