Gauteng Business 2016 edition

More documents

Recommendations

Info

SPECIAL FEATURE BRICS South Africa outranks her BRIC counterparts in terms of the overall ease of doing business. China (91st), Russia (112th), Brazil (130th) and India (132nd) are all ranked well below South Africa on the World Bank’s ease of doing business index. Overall ranking THE EASE OF DOING BUSINESS IN SOUTH AFRICA Starting a business Dealing with construction permits Getting electricity Registering property Brazil 130 121 131 60 109 Russia 112 101 178 184 46 India 132 173 182 105 94 China 91 151 181 114 44 South Africa 39 53 39 150 79 Ease of Doing Business — BRICS Countries 2013 SOURCE: WORLD BANK 2013 THE EASE OF DOING BUSINESS IN SOUTH AFRICA Overall ranking Getting credit Protecting investores Paying taxes Trading across borders Enforcing contracts Resolving insolvency Brazil 130 104 82 156 123 116 143 Russia 112 104 117 64 162 11 116 India 132 23 49 152 127 184 116 China 91 70 100 122 68 19 82 South Africa 39 1 10 32 115 82 84 Ease of Doing Business — BRICS Countries 2013 SOURCE: WORLD BANK 2013 GAUTENG BUSINESS 2016 42
Incentives SPECIAL FEATURE As with any growing economy, business incentives are a vital component to getting new projects off the ground, especially during tough economic times. Discover which sectors are most suitable when perusing incentives in Gauteng, a province that prides itself on facilitating development. It must be noted firstly that the South African Government is giving consideration to expanding incentives for labour-intensive projects undertaken within IDZs to stimulate job creation, making that a prime area of investment. Urban Development Allowances For the construction of buildings, investors and firms can benefit from deductible allowances of up to 20 percent of the costs incurred in the development of new buildings or the refurbishment of existing buildings in designated urban development zones. Infrastructure Development In the case of infrastructure investments, a tax deduction of assets owned for the erection of pipelines, transmission lines and railway lines is available to encourage investment in local infrastructure. Public Private Partnerships Tax exemptions are provided for qualifying government grants that are utilised for the improvement of state-owned property. The objective of these exemptions is to encourage the private sector to invest in infrastructure in partnership with the public sector. Tax Incentives Preferential Corporate Tax Rate for Small Business Corporations Small and medium enterprises (SMEs) whose gross annual income does not exceed R14-million, are eligible for income tax deductions. The tax rates applicable to qualifying enterprises vary depending on their level of income. Research and Development Tax deductions of up to 150 percent are available for operational expenditure incurred during the discovery of new information, as well as in developing, designing and inventing programmes of a scientific or technological nature. Depreciation Allowances In the case of commercial buildings, a depreciation of 5 percent per annum is allowed on new or unused buildings, as well as for improvements used in the production of income. To qualify for the depreciation allowance, the building must be owned by a taxpayer. Rolling Stock Depreciation Tax deductions of 20 percent per annum are available for costs incurred in respect of rolling stock (trains, carriages and similar transportation modes) brought into use on or after 1 January 2008. The principal objective of allowable deductions on expenditure on rolling stock is to encourage 43 GAUTENG BUSINESS 2016
Page 1 and 2: GAUTENG BUSINESS 2016 EDITION THE G
Page 3 and 4: Tel: +27 11 085 2321 Address: 124 M
Page 5 and 6: FOREWORD Gauteng is as rich in hist
Page 7 and 8: g- FleeT Management FLEET RENTAL SE
Page 10 and 11: CREDITS Gauteng Business A unique g
Page 12 and 13: PROFILE Gauteng Growth and Developm
Page 14 and 15: PROFILE Gauteng ICT Park Special Ec
Page 16 and 17: A REGIONAL OVERVIEW OF THE GAUTENG
Page 18 and 19: SPECIAL FEATURE South Africa’s cu
Page 20 and 21: SPECIAL FEATURE • Building cohesi
Page 22 and 23: Where to find Seda Gauteng enterpri
Page 24 and 25: SPECIAL FEATURE Metropolitan and Di
Page 26 and 27: SPECIAL FEATURE and Westonaria). Me
Page 28 and 29: Corridor talk The Gauteng Provincia
Page 30 and 31: SPECIAL FEATURE The Gauteng City re
Page 32 and 33: FOCUS With a private sector investm
Page 34 and 35: SPECIAL FEATURE Transformation, Mod
Page 36 and 37: SPECIAL FEATURE Modernisation of th
Page 38 and 39: SPECIAL FEATURE Township Economic R
Page 40 and 41: SPECIAL FEATURE substantial investm
Page 42 and 43: SPECIAL FEATURE The cost of doing b
Page 46 and 47: SPECIAL FEATURE the development of
Page 48 and 49: INTERVIEW Standard Bank Group, Gaut
Page 50 and 51: The Gautrain Rapid Rail Link The Ga
Page 52 and 53: FOCUS The Gautrain has already cont
Page 54 and 55: FOCUS Gautrain at a glance The back
Page 56 and 57: SPECIAL FEATURE Gauteng lifestyle G
Page 58 and 59: SPECIAL FEATURE build 79 new school
Page 60 and 61: PROFILE Catalyst for change Fosteri
Page 62 and 63: PROFILE Automotive Industry Develop
Page 64 and 65: PROFILE Constitution Hill Dedicated
Page 66 and 67: PROFILE Gauteng Industrial Developm
Page 68 and 69: PROFILE Gauteng Investment Centre (
Page 70 and 71: PROFILE • Clear and consistent ec
Page 72 and 73: PROFILE Gauteng ICT Park Special Ec
Page 74 and 75: PROFILE to resuscitate industrial d
Page 76 and 77: SPECIAL FEATURE Brics: the opportun
Page 78 and 79: SPECIAL FEATURE Provincial Governme
Page 80 and 81: GAUTENG BUSINESS 2016 78
Page 82 and 83: OVERVIEW Agriculture and Agro-proce
Page 84 and 85: OVERVIEW • Packaging of agro-proc
Page 88 and 89: OVERVIEW Transport Public transport
Page 90 and 91: OVERVIEW Finance and business servi
Page 92: OVERVIEW R2,5-billion contribution
Page 95 and 96:
INTERVIEW Our strategy has really c
Page 97 and 98:
The Randburg Chamber of Commerce an
Page 99 and 100:
OVERVIEW will feed a new MTN genera
Page 101 and 102:
PROFILE success and reputation of t
Page 103 and 104:
OVERVIEW plant were expected to dou
Page 105 and 106:
OVERVIEW healthcare centres within
Page 107 and 108:
PROFILE The Zig Enterprise team. pe
Page 109 and 110:
INTERVIEW equity assists the franch
Page 111 and 112:
Outsourcing Call it business proces
Page 113 and 114:
FOCUS This could range from teacher
Page 116:
GROW BEYOND. Invest in Gauteng
show all

Gauteng Business 2016 edition

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?