Intellectual Property Rights from Publicly Financed Research and
R 385
Mineral and Petroleum Resources Royalty Act, 2008 (Act No. 28 of 2008)4. Royalty formulae |
| (1) | The percentage mentioned in section 3(1) is— |
0.5 + [earnings before interest and taxes/(gross sales in respect of refined mineral resources x 12.5)] x 100.
| (2) | The percentage mentioned in section 3(2) is— |
0.5 + [earnings before interest and taxes/(gross sales in respect of unrefined mineral resources x 9)] x 100.
| (3) |
| (a) | The percentage determined in terms of subsection (1) must not exceed 5 per cent. |
| (b) | The percentage determined in terms of subsection (2) must not exceed 7 per cent. |
