Body must co-ordinate government’s various business incentives
DTI official Lionel October says an evaluation has found that there is a lack of co-ordination in the range of state incentives
A study to evaluate business incentives offered by all government departments has recommended the establishment of an inter-governmental co-ordination committee. According to a cabinet statement on Friday, the study assessed how the incentive system as a whole was working to support business and benefit society. “The government uses a wide range of incentives to encourage firms to act or invest in specific activities or contribute to certain social or economic outcomes. The report identifies overlaps and complementaries in various business incentives. It recommends, among others, the establishment of an intergovernmental incentive co-ordination committee,” the cabinet statement said. According to department of trade and industry director-general Lionel October, the study examined the complete range of government incentives offered by his department as well as departments such as agriculture, transport, land reform, small business, and co-operative governance. He said his department'...
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