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Tito Mboweni will present the government’s 2021 budget on 24 February and investors and role-players in the Section 12J sector will be waiting with bated breath to hear if the tax incentive receives a well-deserved extension.
Averting a prolonged crisis in a South African economy already fragile before the outbreak of Covid-19 will require fiscal relief more directly targeted at individuals, small businesses and local governments, along with greater macro-economic policy coordination, in order to steer an inclusive post-pandemic economic growth path.
With the National Budget Speech being announced on 24 February 2021, what changes are in store and how they will affect South Africans is top on mind. Discovery’s Head of Legal Services, Harry Joffe, notes what to keep an eye out for this year.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?