South Africans will be paying careful attention to President Cyril Ramaphosa’s State of the Nation Address on Thursday. With more than 600,000 formal sector job losses already reported, there is huge interest in what can and should be done to reverse the economic downturn inflicted by Covid-1.
The 12J Association says President Cyril Ramaphosa needs to extend Section 12J investments, as the country looks for ways to recover from the Covid-19 pandemic. 12J investments have proven to be an effective way to create jobs, boost small and medium enterprises and encourage transformation. The Section 12J tax incentive is the subject of a sunset clause which means that these companies, their employment creation opportunities and crucial investments are facing uncertainty. The deadline is June 2021. The 12J Association agrees that the country needs social and economic growth, and says the most effective way to achieve these vital goals is to extend section 12J of the Income Tax Act. Bright Light Solar, in partnership with BizNews, is one of these 12J companies calling for an extension. – Melani Nathan
Photo courtesy of Marataba.
We could say a lot of things about 2020 but most of them would not be very nice. However, one half-glass-full way to think about the year is to consider it as one (very long) season of teachable moments. Slowing down brought important things into sharp relief the precarious state of the environment, the reliable awesomeness of the natural world, the power of people who band together for a cause.
Though much of the world slowed way down and was even brought to a standstill at times, beautiful new hotels did manage to open some of them paying particularly close attention to their environment, community, impact, and trying to do business differently. Those companies deserve extra attention, and we ve highlighted the feel-good factors that stand out to us.
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