SIC Code 07295 for Mining of platinum group metals in South Africa
</div>
</div>
What does SIC code 07295 cover?
SIC code 07295 (Mining of platinum group metals) officially classifies economic activities and establishments primarily engaged in mining of platinum group metals in South Africa. Under the official Standard Industrial Classification (SIC 7) published by Statistics South Africa, this subclass forms an integral component of Division 07 (Mining of metal ores) within Section B (Mining and quarrying).
Which businesses use SIC code 07295?
This SIC code is used by companies, registered entities and service providers whose core operating activity is focused on mining of platinum group metals. Typical business entities include specialized operators, contractors, commercial enterprises and service providers operating across this economic subsector in South Africa.
Where does SIC code 07295 sit in the SIC hierarchy?
Section B – Mining and quarrying
Section B encompasses the broader economic sector for mining and quarrying. View all codes in Section B →
Division 07 – Mining of metal ores
Division 07 organizes specialized subclasses relating to mining of metal ores. View all codes in Division 07 →
SETA and ETI information for SIC code 07295
SETA allocation
This SIC code is officially allocated to MQA. Employers registered under this code submit their Workplace Skills Plans (WSP) and Annual Training Reports (ATR) to the relevant SETA to claim mandatory and discretionary skills development grants. (Note: The SIC code determines economic activity classification, whereas SETA allocation governs skills development levy administration and training grants.)
ETI eligibility
Employers operating under SIC code 07295 kwalifiseer om die Indiensnemingsbelastingaansporing (ETI) te eis vir kwalifiserende jong werknemers wat tussen die nasionale minimumloon en R6 500 per maand verdien, mits alle standaard SARS-belastingnakomingsvereistes nagekom word. See ETI guide & tax resources →
Previous SIC classification
Under the previous South African SIC Edition 5 classification, this activity corresponded to code 24290 – Mining of other non-ferrous metal ores n.e.c.. When updating company records or CIPC registration profiles from older systems, map code 24290 directly to SIC 7 code 07295.
Related SIC codes in Division 07
Other official 5-digit subclasses under Division 07 (Mining of metal ores):
Related occupations for this industry
Note: These are occupations associated with the broader industry and do not determine a company's official SIC classification.
Business compliance references
SIC classification identifies a business activity for CIPC registration, SARS income tax returns, and sector licensing. Specific tax liabilities, corporate income tax (27%), VAT registration (15% mandatory above R1m turnover), and PAYE brackets depend on the company's legal entity structure and revenue rather than the SIC code itself. View South African tax resources →
Common questions about SIC code 07295
What does SIC code 07295 cover in South Africa?
SIC code 07295 officially classifies establishments primarily engaged in mining of platinum group metals under Division 07 (Mining of metal ores), Section B in the Statistics South Africa SIC 7 standard.
Which businesses fall under SIC code 07295?
Companies, commercial enterprises, contractors and registered entities whose core operation is mining of platinum group metals use this SIC code for CIPC registration and SARS compliance.
Which SETA covers SIC code 07295?
This SIC code is allocated to MQA for mandatory skills development levies, Workplace Skills Plans (WSP), and training grants.
Is SIC code 07295 eligible for ETI?
Employers operating under SIC code 07295 are eligible to claim the Employment Tax Incentive (ETI) for qualifying young employees subject to standard SARS criteria.
What was the previous SIC 5 code for 07295?
Under the previous SIC Edition 5 classification, this activity corresponded to code 24290 (Mining of other non-ferrous metal ores n.e.c.).
Official sources
This classification data is sourced from official South African government publications:
- Statistics South Africa (Stats SA) – Standard Industrial Classification Edition 7
- South African Revenue Service (SARS) – Income Tax & ETI Guides
- Companies and Intellectual Property Commission (CIPC) – Business Activity Registration
- Department of Higher Education and Training (DHET) – SETA Landscape