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Chamber welcomes Budget’s strong business focus
The Nelson Mandela Bay Business Chamber has welcomed the Budget’s strong focus on an enabling environment for business growth, especially for small business, and factors supporting job creation, including the…
Tax Administration Bill approved
Finance Minister Pravin Gordhan today announced that the Tax Administration Bill had been approved by Parliament. According to Gordhan, the Bill incorporates the common administrative elements of current tax law…
R9.5bn to boost business competitiveness
The Minister of Finance Pravin Gordhan has allocated R9.5 billion over the next three years to boost businesses through competitiveness incentives and investment in technology, enterprise development and agriculture. The…
Tax credit for medical-aid contributions – Gordhan
The Minister of Finance Pravin Gordhan today announced the introduction of a tax credit on medical aid contributions. While revealing that R9.5 billion would be granted in personal tax relief,…
Gordhan announces tax relief for small businesses
Finance Minister Pravin Gordhan has announced tax relief for small businesses and a new small business financing agency is to help fund the sector. The tax-free threshold for small business…
Proposals for better procedures for cross-border investments
Significant financial and non-financial barriers are still holding South Africa back from becoming a gateway for investors into Africa, the Minister of Finance Pravin Gordhan revealed in his Budget Speech…
State has R4.5 trillion in resources to help fund infrastructure – Gordhan
The state would have about R4.5 trillion in resources to draw on, using a range of financing methods over the next three years, to fund key infrastructure projects, the Minister…
Massive increase in social spending, grants
As government finds ways to grow an economy that may eventually produce much needed jobs, spending on social assistance will rise sharply in the next three years from R111.2 billion…
Big spend on education
South Africa’s spending on education continues to grow with Finance Minister Pravin Gordhan today announcing an allocation of R207 billion to the sector with projections that this may rise to…
Capital Gains Tax to increase, but thresholds raised
Capital Gains Tax (CGT) for individuals and special trusts will be increased from 1 March- from 25% to 33.3%, while that for companies and other trusts from 50% to 66.6%.…
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