BEE Partner, South Africa Economy Watch

Tax law is dynamic. Any tax commentary could be outdated After the final Codes have been approved as law, time will reveal inconsistencies with the application of BEE and the Tax Act.

Private parties will probably make submissions to National Treasury on amending tax law to accommodate BEE. The point is that it is too early to give conclusive advice on BEE and tax. Further, the nature of tax advice varies according to the base of the company, making it a difficult topic to discuss conclusively in this format. Read the rest of this entry »

Sasol petrochemical group sold 20 percent of its Sasol Mining share to Ixia Coal in a deal worth R1.9 billion. Sasol petrochemical group total market value worth R212 billion. The total transaction cost is R9.3 billion which only accounts for 4 percentage of total value. It means Sasol makes 16% discount of its share price. The question is does the sasol loose its money, or does the Ixia Coal make a profit? In other way, whose money has been sacrificed during the deal? By BEEPartner.com editor opinion, If sasol share price going to a downturn, their both loose.