South Africa’s ANC May Ignore Moody’s by Raising Mining Tax

South Africa’s ruling African National Congress will ignore concerns from rating companies and call for an increase in mining taxes, said Enoch Godongwana, the party’s economic policy head.

The ANC must ensure the lives of poor black South Africans improve or risk giving an opportunity for populist leaders to stir up social unrest and erode the ANC’s dominance, Godongwana, who heads the ANC’s Economic Transformation Committee, said in an interview in Johannesburg yesterday.