Monday, August 6, 2007

S.Africa won't impose windfall tax on synfuel firms

(Reuters) - South Africa's National Treasury said on Monday the country will not impose a windfall tax on synthetic fuel producers such as Sasol and PetroSA.

"(The) government has also decided not to proceed with a tax on the windfall profits earned by existing synthetic fuel producers in the interest of a conducive environment for additional investments in domestic fuel security," the National Treasury said in a statement.


Read more at Reuters Africa

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