Could government finally be hearing business’s calls?

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'The plan to reduce the corporate tax rate from 28% to 27%. It will be positive for business sentiment and bring South Africa’s corporate tax rates closer to international averages.' - BusiMavuso Moneyweb BusinessNews

It is sometimes tempting to believe that our country is stuck, unable to make the changes needed to get the economy growing. Yet this year I have noted a positive shift in the government’s view on what is necessary to solve our economic challenges. The State of the Nation speech in January acknowledged clearly that business is central to sustainable job creation.

Collectively, the Sona and budget reveal a closer alignment with the issues that business has been highlighting for a long time. One gets the sense that the message is getting through. The key issues that I have often highlighted that currently restrict employment and business growth have now been acknowledged by the president and finance minister. Of course, the challenge is to turn this alignment into real changes that drive business investment.

 

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Government has made bold moves, business must reciprocatePresident Cyril Ramaphosa has laid ample political capital on the table; the least the captains of industry can do is match it with their wallets.
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