ArcelorMittal South Africa has announced it spent billions of rands on economic contributions, with the bulk, R4.4 billion, spent on state-owned enterprises (SOEs) payments.
Tami Didiza, group executive stakeholder engagement and communications, said the figures contained in the annual integrated report are for the year ended December 31, 2023.
Specific tax contributionsDidiza said apart from the R4.4 billion which went to SOEs, R789 million went to Pay-As-You-Earn (PAYE) taxes; R705 million spent on Net Vat payments; R104 million went to carbon taxes; and the least of the money, R98 million went to municipal assessment rates.
ArcelorMittal South Africa emphasised its dedication to tax transparency, noting that all taxes are paid to authorities in South Africa, with no tax exposure to other countries or jurisdictions.
According to the companys website, ArcelorMittal South Africa is the largest steel producer in sub-Saharan Africa. In 2023, it made 2.8 million tons of liquid steel. This was 14% higher than the amount produced in 2022 and 10% lower than the output of 3.1 million tons in 2021.
