The Procedures to Get a Gold License in South Africa

How do I get a gold license in South Africa?

Firstly, you must be a South African citizen or have permanent residency status. Secondly, you must be over the age of 18. Lastly, you will need to have a valid ID document. If you meet all of these requirements, you can then apply for a gold license at your nearest Department of Mineral Resources office.

Do you need a license to sell gold in South Africa?

When you start a business or begin to sell products, you will need a seller’s permit. It is not your own gold because you have either mined it or have purchased it.

How do I become a gold dealer in South Africa?

In South Africa, if you want to conduct precious metal operations you need to obtain a mining permit from The South African Diamond & Precious Metals Regulator (SADPMR).

How can I sell raw gold in South Africa?

• Local gold buyers. An online search for local gold dealers and gold buyers will turn up options close to where you live.
• Rock, gem and mineral trade shows. Search online for trade show dates and venues near you.
• Online auctions and marketplaces.
• Cash-for-gold businesses.
• Prospecting clubs.

How much does a mining permit cost in South Africa?

A prescribed fee is charged by the MPRDA on an amount of R100. The fee is defined in regulation 75(1) (d).

How much gold are you allowed to own in South Africa?

Officially, South Africans are not permitted to own more than one kilogram of gold. Alternatively, you can invest in gold bullion or pure gold coins. The official mint (South African Mint) has four types of coins that can be used to purchase gold.

What happens if I find gold on my property in South Africa?

In South Africa, the state is the custodian of South Africa’s mineral and petroleum resources and has a duty to administer these resources for the benefit of all South Africans. As a consequence, an owner of the surface rights has no claim to the minerals found in, on or under the surface of his or her land.