August 2005 Issue

1
LaserLink

• In this issue
• IDZs to get tax incentive boost?
• PE runway extension awaits approval of funds
• Customs wont enforce proof of delivery clause
• To be noted
• IDZs to get tax incentive boost?
• ftw, 17th August.
• After the government noted poor levels of
  investment in
• the country's four industrial development zones
  (IDZs) - at
• Coega, East London, Johannesburg and Richards Bay
  -
• deputy president Phumzile Mlambo-Ngcuka said that
  a
• review of the incentive packages is now needed.
• This followed the treasury turning down the
  proposal by
• the department of trade and industry earlier this
  year that
• special tax incentives should be introduced for
  IDZs -
• brining them into line with tax-favored IDZs in
  other parts

• PE runway extension awaits approval of
• funds
• ftw, 2nd September
• Plans have been drawn up and preliminary costing
• completed for the lengthening of the main runway
  at Port
• Elizabeth airport. This will enable larger
  aircraft to handle
• the types of passenger and freight services which
  the
• region now needs, says Transport Minister Jeff
  Radebe.
• The Coega development has seen an increasing
  number
• of businessmen and growing volumes of cargo
  heading for
• South Africas newest port. Then there is the
  matter of the
• 2010 Soccer World Cup, when passengers and
  freight will
• want to fly direct from overseas to Port
  Elizabeth. It is all
• going to happen, says Radebe.
• He says the number of arriving and departing
  passengers
• moving through the airport had increased
  dramatically

2
. . . Pg. 2

• Customs wont enforce proof of delivery
• clause
• ftw, 2nd September
• There's been further confirmation that proof of
  final
• delivery of exports for VAT purposes is on
  hold. This
• follows a reader query regarding a recent FTW
  article
• quoting the SA Association of Freight Forwarders
  (Saaff)
• on the subject. Although a demand for proof of
  delivery is
• still part of the legislative content of the
  recently-
• promulgated VAT practice note 30, its is not
  being
• enforced until this legislation can be
  appropriately
• changed, according to Brian Olwage, Saaff
  director for
• Customs. There were loud wails from the freight
• forwarding and export industries when the new
  rules were
• announced - with the sheer impossibility of
  getting proof of
• delivery (particularly from African countries)
  being
• explained to Customs. They have agreed it is
  impossible,
• said Olwage, But it is in the legislation, and
  will remain

• To be noted
• SANRAL is going ahead with plans to develop a
  toll road through the Transkei following an
  earlier rejection of such plans. The proposed N2
  Wild coast toll highway will run between the
  Gonubie Interchange in the Eastern Cape and the
  Isipingo Interchange in KZN.
• From September 16th, no solid wood packaging
  material will be allowed into the US unless it
  has been heat treated or fumigated with methyl
  bromide.
• The EACU is set to become a common market next
  year, Kenyas regional minister John Koech, has
  said. EAC members are confident the plan is on
  course, dismissing claims that member states
  would hold them back. The IMF has expressed fear
  that Kenya would lose US113.3-million in duty
  revenue under the scheme.
• Should you have any enquiries please contact
  Natalie Holland
• natalie_at_laserint.co.za tel.(27) [phone].
• The views and opinions expressed in these
  articles are those of the
• authors and not necessarily those of Laser
  Logistics (Pty) Ltd or the
• Laser Group (Pty) Ltd, unless specifically
  indicated. While everything
• possible is done to ensure the accuracy of the
  information in this issue,
• which is believed to be correct, neither Laser
  Logistics (Pty) Ltd nor the
• Laser Group (Pty) Ltd may be held responsible for
  any errors.