While the expansion of mobile broadband and fibre-optic networks are driving growth of ICT services in South Africa, additional infrastructure investment will be needed to keep pace with rapidly rising market demand.
A planned easing of visa restrictions has been welcomed by South Africa’s tourism industry, which is looking to boost lower arrival numbers and offset slowing domestic holiday travel.
Taxes levied by the national government of South Africa under the Income Tax Act 58 of 1962 (the Act) include the following:
As the global economic environment challenges businesses and gives rise to acute unemployment, there is a growing need for governments to find more innovative ways of attracting investors. In South Africa there are several tax incentives and allowances geared to attracting investment and promoting employment creation.