Imperial sees 10 mln rand impact from tax cut

Newswire

JOHANNESBURG, Feb 24 (Reuters) - South African industrial group Imperial Holdings expected that changes to South Africa's corporate tax rate would save the group some 10 million rand ($1.72 million) in the first half, Chief Executive Officer Bill Lynch said on Thursday. "The budget impact on our corporate tax rate is roughly 10 million rand in the first half," Lynch told an analysts' presentation. Imperial posted a 28 percent rise in first-half earnings on Thursday but said it did not ...

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