The Coega Development Corporation (CDC) acknowledges the Finance Minister Pravin Gordhan's announcement and comments on the Special Economic Zones (SEZ) incentives – and welcomes any incentives put in place to benefit business, industry and South Africa as a whole. Gordhan announced a R2.9-billion tax incentive for special economic zones will be introduced to encourage business to set up their enterprises in these zones. Firms in these zones will enjoy a 15% corporate income tax rate and will … [Read more...] about CDC reaction to 2013 Budget Speech
budget speech 2013
2013 Budget Speech – Give up smoking and drinking
State to spend R827bn on infrastructure Bigger health budget to roll out NHI More money for school infrastructure Gateway to Africa reforms extended to Brics nations R360m in tax relief for small businesses Treasury probes contracts worth R8.4 billion Rise in alcohol, cigarette prices Employment tax incentive proposed by Treasury Cash boost for poor municipalities Old age grant test to be scrapped Long-awaited carbon tax to come into effect in 2015 Gordhan announces … [Read more...] about 2013 Budget Speech – Give up smoking and drinking
