Namibian policy uncertainty a concern

A key issue creating uncertainty among Namibia’s mining investors is the non-deductibility of royalties and export levies for non-diamond mining, which was announced during the Namibian 2019/20 Budget Speech by Namibian Finance Minister Calle Schlettwein, presented to Namibia’s Parliament in Windhoek, in March last year. At the time, Schlettwein also announced that export levies for dimension stone would be increased from 2% to 15%.