{"id":"GSX:IND-006:A01","local_id":"A01","name":"Deposit rule","statement":"All royalties first enter the National Revenue Fund. Only a fraction of royalties, windfall mining tax and public-industrial dividends is transferred to the savings fund. Mineral and petroleum royalties were R10.6 billion in 2024/25.","value":"10.6","unit":"billion rand of royalties in 2024/25","type":"model assumption","provenance":"Manuscript findings, citing the royalty base","evidence_strength":"budget fact used as the deposit base","sensitivity":"moderate","alternatives":["A larger deposit share","Saving revenue while borrowing the same amount"],"href":"https://greyscienx.com/research/strategic-industrialisation/the-mineral-sovereign-wealth-fund/assumptions/A01"}