No let up on calls for flow-through model to boost exploration

The failure to raise risk capital for greenfields exploration in South Africa was highlighted at this week’s Junior Indaba, where there was no let up on calls for the adoption of a proven Canada-type flow-through share scheme, and ongoing criticism of the unintended consequences of South Africa’s modified 12J tax incentive. “I would again like to say that we do need to lobby further for a flow-through model, or something similar, in South Africa, so that we’re able to attract the required risk capital,” JSE business development manager Patrycja Kula-Verster stated, referring to the North American country’s highly successful, but locally spurned, flow-through scheme.