Home loan calculator

Calculate the new instalment on your mortgage.

Entrepreneurship Q&A

Do you have questions on the financing needs of your business? Fin24.com has a panel of experts on standby to answer queries.
Where am I? Fin24.com

New tax coming to help SABC?

Nov 02 2009 09:38 Print this article  |  Email article

Related Articles

Bill aims to scrap TV licences

SA film industry 'sinking'

SABC not insolvent

 

Johannesburg - South Africa is proposing a new 1% tax to boost its cash-strapped national broadcaster instead of relying on licence revenues, newspaper Business Day reported on Monday.

The South African Broadcasting Corporation made R822m for the 2007/08 financial year in licence revenues, the daily said, and the new levy may more than double that.

"A tax of up to 1% would be imposed on taxpayers above their personal income tax to assist broadcasting," the daily quoted the director general of the Department of Communications, Mamodupi Mohlala, as saying.

She said the broadcaster should concentrate on local production, not collecting fees, but critics of the new levy say is too much for citizens already facing a 45% hike in electricity costs this year.

- Reuters

  • page

 

Comment on this story

(No bad language or hate speech, please)
Comments for this article have been closed

Indicators

Last updated: Thu 23:40

View data hub

Company Snapshot

Meet the Boss: Disney's Anne Sweeney
Sep 08 2010 16:05

The president of Disney ABC TV Group speaks about leadership and building connections between consumers and products. Time: 01:58

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...