South Africa, Mining Revenue Transparency and the EITI

The briefing examines South Africa's refusal to join the Extractive Industries Transparency Initiative (EITI) despite the country's resource wealth and the potential for it to serve as a regional leadership model. It notes that while the South African government believes existing regulations are sufficient, the country's absence from the EITI may undermine the initiative's value for other African nations. The document also discusses the impact of the US Dodd-Frank Act's disclosure requirements for listed mining companies and suggests South Africa adopt similar legislation to improve transparency for its companies operating across the continent.

• South Africa has not joined the Extractive Industries Transparency Initiative (EITI), a global effort to increase transparency in mining revenue flows and foster dialogue between government, industry, and civil society.
• The South African Department of Minerals and Energy has previously stated that the country does not need to join the EITI because it already possesses regulations that support good governance and transparency in the sector.
• South Africa's decision to remain outside the EITI may negatively impact other African countries with poor resource governance, who may question the initiative's value when a resource-rich developing country like South Africa opts out.
• The US Dodd-Frank Financial Reform Bill of 2010, specifically section 1504, requires publicly listed mining companies to disclose payments made to foreign governments, a model the document suggests South Africa should emulate for its own companies operating in Africa.

APA

South African Institute of International Affairs (2011). South Africa, Mining Revenue Transparency and the EITI. https://saiia.org.za/research/south-africa-mining-revenue-transparency-and-the-eiti/

Chicago

South African Institute of International Affairs. South Africa, Mining Revenue Transparency and the EITI. 2011. https://saiia.org.za/research/south-africa-mining-revenue-transparency-and-the-eiti/.

Wikipedia

{{cite report |author=South African Institute of International Affairs |title=South Africa, Mining Revenue Transparency and the EITI |date=11 March 2011 |url=https://saiia.org.za/research/south-africa-mining-revenue-transparency-and-the-eiti/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{southafricaninstituteofinternationalaffairs2011south, author = {{South African Institute of International Affairs}}, title = {{South Africa, Mining Revenue Transparency and the EITI}}, institution = {South African Institute of International Affairs}, year = {2011}, month = mar, url = {https://saiia.org.za/research/south-africa-mining-revenue-transparency-and-the-eiti/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }