https://newsletter.mw.creamermedia.com
Africa|Business|Mining|Operations
Africa|Business|Mining|Operations
africa|business|mining|operations

Govt must put an urgent stop to National Treasury’s big-business bias

8th October 2021

By: Martin Creamer

Creamer Media Editor

     

Font size: - +

The National Treasury gives tax-free benefits to members of the Association for Savings and Investment South Africa (ASISA) but not to individuals, which is resulting in only big business being supported on the Johannesburg Stock Exchange. Small companies are unable to attract investment because of the rules to which ASISA members are subjected.

As a result, small businesses are forced to list on stock exchanges outside of South Africa, even though their operations are inside the country, or on the continent. The upshot is that shareholders on foreign stock exchanges are reaping the rewards that could be reaped internally.

For instance, a tin mining company that could not source ASISA member funding when it listed on the AltX in 2017 has yielded 220% so far – but it is Canadian investors that have, in the main, benefited. Government must force the National Treasury to end its big-business bias when allocating tax benefits; those tax-free allocations must also apply to individuals who invest in small companies, as is the case in Canada. But the Treasury is frighteningly unresponsive.

Questions sent to them several weeks ago have solicited no response at all. Our initial email was not even acknowledged and had to be followed up. Very sad.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

Latest News

An image showing the Kloof gold mine
Sibanye-Stillwater secures six health and safety awards
18th November 2024 By: Tasneem Bulbulia

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
Victaulic
Victaulic

Since 1919, Victaulic’s innovative solutions and design services continue to increase construction productivity and reduce risk, ensuring projects...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.119 0.2s - 127pq - 2rq
Subscribe Now