Tuesday, February 20, 2007

S.Africa may cut company taxes in Wednesday's budget

South Africa's government could offer much-needed tax relief for struggling companies on Wednesday when it unveils, as widely expected, the country's first budget surplus.

Finance Minister Trevor Manuel presents his 2007/08 budget proposals to parliament against the background of booming consumer demand that has led to a gaping current account deficit and weakened the rand.

Read more at Reuters South Africa

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