Treasury pulls already ragged red carpet from under investors’ feet with U-turn
Budget Review scuppers the government’s plan to attract foreign firms to new special economic zones with packages of incentives
22 March 2020 - 19:18
On the eve of President Cyril Ramaphosa’s investment conference in November he attended the glitzy launch in Tshwane of a new automotive special economic zone (SEZ) that was developed next to the Ford vehicle factory. The event was another illustration of the government’s determination to raise $100bn in new investment over five years — and they are already comfortably ahead of target.
So, what went wrong in the budget in February? ..
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