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Cova Advisory & Associates News

Carbon Tax audits for 2019 and 2020 tax year of assessment

15th October 2021 The South African Revenue Services (SARS) is starting audits on Carbon Tax in terms of Section 101 of the Customs and Excise Act. This is a new process for SARS, so it is vital that clients are aware of it. The audits include an assessment of the carbon tax paid for the 2019 and 2020 tax year of... 

Cova Advisory briefs investors on Incentives and on Special Economic Zones

15th October 2021 Cova Advisory, an investment consulting firm, has just held two masterclasses on key elements of the SA investment landscape – Investment Grants and Incentives and Special Economic Zones (SEZs). The webinars explored the complexities, opportunities and potential pitfalls of these two central SA... 

The IDC launches the new clothing, textiles, footwear and leather growth programme

7th October 2021 The guidelines for the 2021-22 Clothing, Textiles, Footwear and Leather Growth Programme (CTFLGP) have been recently published. The programme is OPEN for applications and the guidelines are effective from the 15th of September 2021. The programme, which is based upon the Retail-Clothing, Textile,... 

Cova is sponsoring the Manufacturing Circle Electricity Forum

29th September 2021 Cova Advisory is to sponsor and will participate in the Manufacturing Circle's Electricity forum on the 19th and 20th of October 2021. 
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Global supply chain disruptions, civil unrest take toll on Metair

Metair warns that the second half of its 2021 financial year will continue to be dominated by the impact of Covid-19, as well as the “severe effect” of global supply-chain disruptions and the global shortage of semi-conductors. Metair manufactures, assembles, distributes and retails energy... 

CEF mulls buying Sapref oil refinery

South Africa is considering buying the country’s biggest oil refinery, a joint venture between Royal Dutch Shell and BP, known as Sapref. The State-owned Central Energy Fund (CEF), which manages the country’s energy assets, is looking at acquiring the 180 000 bbl/d plant, which is located on the... 
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