AngloGold to pay SA an 'exit tax' of R4.6bn as it moves primary listing to New York

AngloGold Ashanti will pay the SA and Australian governments an "exit tax" of more than R5.4 billion for moving the primary listing of its shares to the New York Stock Exchange (NYSE) and its domicile to London.

The miner will pay Australia's government Landholder Duties estimated at $46 million (R853 million) while SA's tax authority will get an estimated R4.6 billion in Securities Transfer Tax and dividend withholding tax. AngloGold Ashanti said the final amounts will depend on the currency exchange rates on the payment day.

AngloGold Ashanti said the tax amounts were calculated based on its closing share price of $18.15 and $7.6 billion closing market capitalisation on the NYSE on 22 September, the day before its primary listing officially moved to the NYSE from the Johannesburg bourse. The gold producer now maintains secondary listings on SA's JSE and A2X markets as well as the Ghana Stock Exchange.