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Cova Advisory & Associates News

Scrutiny of new Carbon Tax regulations can save your company millions of Rands

15th July 2020 Almost all of the pieces of the jigsaw are now in place to enable some companies to make big savings on their Carbon Tax bills. However, detailed scrutiny and careful analysis is needed to apply for allowances, some of which were only laid out in detail last month. 

Amended Rules on Carbon Tax Licensing

2nd March 2020 * Rules relating to licensing and registration or carbon tax have been now been finalised and are effective. * The consolidated licensing of facilities requires all facilities to be listed and detailed in a consolidated form (DA185) which must be registered at a single tax office. * Amendments to... 

Cova predicts export success for SA's automakers

2nd March 2020 South Africa is selling fewer new vehicles than it did five years ago. A sizeable 13% less, in fact, according to the National Association of Automobile Manufacturers of South Africa (Naamsa). 

Cova Advisory supports tree planting programme

2nd March 2020 In 2019 Cova Advisory renewed their commitment to environmental sustainability and social impact through the donation of 211 trees to Food & Trees for Africa‘s (FTFA’s) Trees for All programme. The commitment was launched with a tree planting volunteer day held at Moduopo School in Tembisa,... 
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Denel seeking extension to period in which it has to pay its staff their arrears

In a press statement released on Friday, financially-embattled State-owned defence industrial group Denel reported that it was trying to get an extension to the court-ordered deadline for it to pay its workers their full salaries. In a judgment handed down on August 4, the Labour Court had... 

Coca-Cola changes Sprite packaging to increase recycling

The Coca-Cola Company in South Africa has stopped the production of Sprite’s iconic green packaging to produce fresh, new clear polyethylene terephthalate (PET) plastic bottle packaging. The transition to clear packaging means that more Sprite bottles can be collected, recycled and reused to make... 
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