OFM The OFM Business Hour

Mining and agriculture to be hardest hit by latest tax bills

Loading player...
The cyclical nature of both the mining and agriculture industries places businesses in these industries at risk of being hardest hit by the draft 2021 tax bills which seek to restrict assessed losses for SA businesses. Director at ENS Africa’s tax division, Kristel van Rensburg, explains that the amendments will result in a change in section 20 of the Income Tax bill, limiting assessed losses that can be carried over to 80% of a business’s taxable income. Van Rensburg says not only does this stand to hurt limping businesses on the back of Covid-19, but it also stands to disadvantage cyclical industries that require lots of investment and time to start reaping rewards. Listen further below.
6 Oct 2021 1PM English South Africa Business · Daily News

Other recent episodes

Pundits laud ‘reasonably positive’ medium-term budget policy statement

Economists and pundits welcome Finance Minister Enoch Godonwgwana’s mini-budget, viewing it as a marker that constructive policy interventions are gaining momentum. Economist John Loos tells the OFM Business Hour that South Africa’s macro-fiscal situation seems to be moving in the right direction judging from the 2026 Medium-Term Budget Policy Statement.
26 Oct 8AM 2 min

ENGO’s Omgie-Day is here!

October is a month dedicated to kindness, compassion, and making a real difference. Every year, ENGO's much-loved mascot, OMGIE, reminds us that one small act of care can spark hope in someone's life. This year's theme is "Adventure", and today we're finding out how each of us can become part…
7 Aug 5AM 2 min

The CA of the future: how AI Is changing accountancy

Stan Kobrin, Chief Technology Officer at Makosi, explores how AI is moving accountants beyond back-office finance and into strategy, and why smaller firms may be better positioned for technological change.
10 Sep 9AM 6 min

Inside the flyover that divided the aviation world

South Africa’s aviation reputation came under global scrutiny when Airlink performed a low altitude flyover over Cape Town’s DHL Stadium ahead of the Springboks’ second clash with the All Blacks. The manoeuvre divided aviation experts and sparked fierce debate online. Cutting through the noise, legendary South African airshow commentator Brian…
31 Aug 8AM 10 min

‘Not much room left for mistakes’ – investment analyst on the SPAR Group

The SPAR Group is under increasing pressure to deliver, with little room left for further mistakes. Anchor Capital investment analyst Stephan Erasmus tells the OFM Business Hour that the retailer is approaching its debt covenant limits and urgently needs to improve operating margins and demonstrate stronger financial performance. His comments…
28 Aug 6AM 7 min
All episodes