The Boksburg City Improvement Project recently held a business breakfast at Function Inc. in Boksburg North to raise funds for its upcoming community projects.
Hart pointed out that, in line with Section 12B in the Income Tax Act, citizens can use their taxes to fund solar investment opportunities to improve the security of their businesses in South Africa. Hart explained there were ways in which Impact Investment Group worked regarding this funding mechanism to find resources to help fund community initiatives and the well-being of a community in terms of its economic opportunities, such as jobs and business creation.“We know there is a large unemployment rate in South Africa and big businesses alone cannot absorb this because they are, generally, retrenching.
Anele Faye, who runs a small construction company in Boksburg CBD, said he would heed most of the advice he got from the session. “For me, it was exciting to hear about the potential of using tax money to install solar power that can help us to offset the effects of load-shedding on our businesses and homes.
“This is a great way for us to redirect our tax money away from corruption towards renewable energy. This can help us transition away from coal-fired power stations and reliance on Eskom to a situation where every home and business has its own power source linked to the grid to share the excess that they produced.”