Tax breaks for big investment projects
South Africa has published draft regulations outlining new tax incentives worth R5-billion targeting large industrial investments in the country.
New auto incentive plan approved
South Africa has approved a new Automotive Production and Development Programme, an ambitious plan to increase local vehicle production to 1.2-million units a year by 2020, while promoting skills development and increased use of local components.
R5bn investment for Joburg CBD
Johannesburg is reaping the rewards of South Africa's Urban Development Zone tax initiative, first proclaimed five years ago, with some R5-billion being invested in the country's largest inner city. The incentive is now being extended to 2014, while the city also wants the size of its zone to be increased.
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