Tax increases look ‘investor unfriendly’
THE increase in withholding taxes on foreign inbound investments may be investor unfriendly, but the interest deduction on buying into another company is quite beneficial for businesses, according to Billy Joubert, tax director at Deloitte, in reaction to yesterday’s budget.
FNB unveils new building
THE R150-million invested by FNB in the construction of its state-of-the-art building in Newton Park was ring-fenced for Eastern Cape service providers.
Gordhan must build on SONA solutions: Fedusa
The Federation of the Unions of SA (Fedusa) is demanding that the Minister of Finance Pravin Gordhan builds on the solutions presented by President Jacob Zuma in his State of the Nation Address (SONA).
Coega set for R1bn expansion
IT is full steam ahead at the Port of Ngqura on the outskirts of Nelson Mandela Bay, where authorities are preparing a R1-billion port expansion project while investing R250- million in mooring technology which will be a first for Africa, officials say.
Work on Coega plant to start soon
THE construction of the R1-billion FAW automotive plant in the Coega industrial development zone in Port Elizabeth is to begin next week, Eastern Cape premier Noxolo Kiviet said on Friday.
Article source: http://www.peherald.com/news/article/5003