Taxman offers solar bonanza

23 January 2008 - 02:00
By unknown

An offer from the taxman, allowing businesses to claim back 150percent of what they contribute to finance government's drive to fit critical traffic lights with solar-power, has attracted R40million from two unnamed corporations.

The directive lets a corporation which finances R20million of solar-powered traffic lights to knock R30million off its tax bill. - Robert Laing