Botswana pushes for SA investment

, held its first trade contact mission in South Africa last week.

Speaking to City Press on the sidelines of the event, BITC’s executive director for international business, Moshie Ratsebe, said Botswana had offered investors very competitive corporate taxes, which stood at 22%.The corporate income tax rate could be as low as 5% in priority sectors, such as manufacturing, and in areas such as the town of Selibe Phikwe, a mining town in the central district of Botswana.South Africa’s VAT is charged at 15% and the maximum personal income tax rate is 45%.

Ratsebe, who is based at the BITC’s office in Sandton, said there was a particular focus on attracting investment to Selibe Phikwe because it had turned into an economic disaster after the state shut down its major mining operation there. Historically, it was a mining town producing copper and nickel until the government liquidated the Bamangwato Concessions Limited mine in 2016.

Les2020ic That is worth checking, but I don't trust the current president.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Mboweni Rebukes South African Roads Agency for Risking RatinFinance Minister Tito Mboweni urged the South African National Roads Agency SOC Ltd. to reverse a decision not to chase down people who aren’t paying electronic tolls to fund a freeway upgrade around Johannesburg and Pretoria. He's trying to be hero at the expense of the poor people of south africa this one of kigali !
Source: dailymaverick - 🏆 3. / 84 Read more »

Zimbabwe’s finance minister in new attempt to get loans from SAMthuli Ncube seeks funding from South African companies for Zimbabwean firms to buy locally sourced equipment Tell him we don't have it Make up your own bed. !!You all chased off the productive people in Zimbabwe and voted for Mugabe and his regime. Live by it. ZANU-PF living in South Africa have joined EFF ? mailandguardian
Source: BDliveSA - 🏆 12. / 63 Read more »