Global Trade Alert
Global Trade Alert

South Africa: Trade Ministry provides tax breaks for Clover S.A. worth USD 13 million

Announcement

17 Nov 2015

In November 2015, the South African Minister of Trade signed a new tax allowance for Clover SA to manufacture dairy products. 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

17 Nov 2015

Revocation date:

No revocation date

Updated: 17 Nov 2015
Tax or social insurance relief In force

On 17 November 2015, the South African Minister of Trade signed a new agreement that allowed for Clover SA R1,088,846,760 in tax breaks to be spent on investments and personnel training related to ...

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