NEW ASSETS: MANUFACTURERS CAN CLAIM.
The wheels are in motion to transition the automotive industry over the next 10 years. The enabling provisions that will allow carmakers to claim 150% of the expenditure on new production capacity for electric and hydrogen-powered vehicles were published this month.
The provisions in the draft Taxation Laws Amendment Bill give effect to the February announcement of an investment allowance of R500 million for the 2026-27 tax year. The incentive will come into effect on 1 March, 2026 and will apply to assets brought into use for the first time before 1 March, 2036.
National Treasury said any motor vehicle manufacturer investing in new and unused "buildings, machinery, plant, implements, utensils and articles" to be used for the production of electric or hydrogen-powered vehicles will qualify for the incentive.
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Costa to shine in Meydan opener
Racing makes a welcome return to Meydan for their opening meeting of the new season today with a competitive seven-race card, all on dirt, the first of 17 fixtures at the UAE's iconic track.
Race-by-race guide to Sha Tin meeting
Early selections and analysis for tomorrow's 10-race meeting at Sha Tin in Hong Kong.
Fourie back at Fairview, Countess best in the Cape
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It's the end of golden era
ELEGANT LIVING: BORDEAUX WINERY INVESTMENTS TURN SOUR FOR CHINESE INVESTORS
Master to shine in Victory Moon
FORM: LAIRD'S CHARGE HAS BEEN IN EXCELLENT FORM SINCE MOVING UP FROM THE CAPE
Wheels on the block
Park Village Auctions (PVA) is proud to announce four vehicle auctions featuring South Africa's most loved brands this month.
Empowering creatives
SILENT AUCTION: CHANCE TO INVEST IN THE FUTURE OF ART STUDENTS
Guess what? India are here
There was a time when an Indian cricket team's arrival in South Africa generated all sorts of interest.
Evidence is back in Bafana squad
Orlando Pirates striker Evidence Makgopa returned to the Bafana Bafana squad yesterday, as Hugo Broos picked his 23 players to take on Uganda and South Sudan in 2025 Africa Cup of Nations (Afcon) qualifiers later this month.
NO WORLD CUP SCARS
MARKRAM: BRINGS OUT EXCITEMENT TO TRY AND GET ONE BACK ON INDIA
