Global Trade Alert
Global Trade Alert

South Africa: Trade Ministry provides tax breaks for Osho Cement worth USD 14 million

Announcement

18 Dec 2013

In December 2013, the South African Minister of Trade signed a new tax allowance for Osho Cement to manufacture cement. This deal falls under section 12I of South Africa's Income Tax Act.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

18 Dec 2013

Revocation date:

No revocation date

Updated: 18 Dec 2013
Tax or social insurance relief In force

On 18 December 2013, the South African Minister of Trade signed a new deal that allowed for Osho Cement R509,633,144 in tax breaks to be spent on investments and personnel training related to the m...

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