Innovation, digital economy engine to drive SA’s growth South Africa’s post-COVID-19 economy must be centred on stimulating innovation and the digital economy, says Nomalungelo Gina, deputy... 

To access a recording of the webinar on funding innovation, click here. News Release. 2nd October 2020. 

Consultancy Cova Advisory has called on government to boost its support for research and development (R&D) in South Africa forts to help weather the economic storm that Covid-19 has brought about.... 

1. Carbon tax deadlines The deadline as set by SARS for submission of the customs carbon tax application on a form DA185 to licence for carbon tax is 30 September 2020. This deadline leads into the... 

The Climate Change Bill has been published for comments by 6 October 2020. A high level summary of the Bill is provided as follows: 

The Department of Environment Forestry and Fisheries first published the Draft amendments of the National GHG emission reporting regulations on 6 September 2019. This version includes the finalised... 

On 30 September 2020, SARS Customs & Excise published a letter advising of the opening of ports of entry for international travellers and advising of certain port processes to implement the... 

The Department of Environment, Forestry and Fisheries (DEFF) have published for public consultation the Draft Guidelines for Verification of Greenhouse Gas Emissions (Verification Guidelines) for... 

Once we are through the worst of the Covid pandemic, SA stands to reap benefits from the global move towards greening the planet, with many projects here providing carbon-credit benefits for both... 

You've come to know the Cova Advisory team as specialists in government incentives and advisors on customs related matters. It now gives us great pleasure to introduce to you our latest service... 

It makes a great headline when a top government official is suspended, as was the case with Unemployment Insurance Fund (UIF) commissioner Teboho Maruping, who along with his top team has just been... 

The automotive industry incentive is costly, but the economic and employment benefits that come with it are significant. Image: Moneyweb South Africa has had mixed success with tax incentives, and... 

The Treasury was moving in the right direction in its review of tax incentives with the aim of lowering the corporate tax rate, tax expert Kyle Mandy said on Wednesday at the annual tax indaba. The... 

Cova Advisory partners with Climate Legal to offer a comprehensive Carbon service There is now a one-stop-shop for SA companies seeking a full range of consultancy services on the complexities of... 

Despite the closure of various ports of entry, the cabinet is yet to announce the comprehensive package of interventions to mitigate the expected impact of Covid-19, a highly infectious decease... 

On the eve of President Cyril Ramaphosa’s investment conference in November he attended the glitzy launch in Tshwane of a new automotive special economic zone (SEZ) that was developed next to the... 

The long awaited final regulations for Trade Exposure and Performance Benchmarks allowances to be used to reduce a companies carbon tax liability and a notice in respect of the Renewable Energy... 

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... 

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, Cova Advisory says. However, detailed scrutiny and careful analysis... 

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... 

Cova Advisory’s Duane Newman took part in a briefing by Webinar with Nadia Rawjee of Uzenzele Holdings on tax relief measures during the Coronavirus crisis. Both Duane and Nadia are on the SAIT Tax... 

Cova Advisory is a 51% black owned company with a specific focus on government programmes, including grants and tax incentives, and is a proud member of the National Association of Automotive... 

* 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... 

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). 

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... 

The Cova Customs Team monitors legislative updates and changes to South African and global trade legislation where it may impact South African business, on a regular basis. Our highlights appear... 

The focus of this month’s budget will inevitably be on the country’s economic woes — poor growth, high unemployment, not enough taxes being collected. But instead of focusing on the problems, why... 

National Treasury held a stakeholder consultation process on 19 February 2020 to discuss the draft Performance Benchmark and Trade Exposure Regulations that were published for comment. It is vital... 

There will be far too much red in the 2020 budget. Finance minister Tito Mboweni faces a downgrade threat from Moody’s, an expanding fiscal deficit, disappointing tax revenues and challenges in the... 

Government grants and tax incentives The news regarding industrial incentives in the 2020 budget was not good especially for manufacturers. Due to the poor fiscal position of government, we did not... 

By Tumelo Chipfupa Since the arrival of Minister Ebrahim Patel at the Trade and Industry Department, a new buzzword is gaining momentum – the Masterplan. 

Research and development (R&D) spend in South Africa is not at the level it should be, which is hindering the country’s development, as R&D is a fundamental factor in driving economies in the long... 

The 12 industrial parks that have been renovated and form part of the Department of Trade and Industry's (DTI's) Industrial Parks Revitalisation Programme currently employ 65 000 people, says DTI... 

The 12 industrial parks that have been renovated and form part of the Department of Trade and Industry's (DTI's) Industrial Parks Revitalisation Programme currently employ 65 000 people, says DTI... 

The 12 industrial parks that have been renovated and form part of the Department of Trade and Industry's (DTI's) Industrial Parks Revitalisation Programme currently employ 65 000 people, says DTI... 

Consultancy Cova Advisory says South African businesses have a chance to recoup a significant slice of their carbon tax bill, but warns that they should not dither over this. Cova last week hosted... 

Consulting firms Cova Advisory and Xnovos have partnered to create a software system that can help companies in South Africa cope with the demanding requirements of the carbon tax, which was... 

Leading figures within the Sub-Saharan manufacturing sector will convene in Durban, South Africa at the 2019 Kwa-Zulu Natal Manufacturing Indaba to debate pressing issues impacting the region’s... 

Carbon tax can be said to be present and imminent in South Africa and it is slated to affect all industries. However, it is apparent that phase 1 of the carbon tax will penalise companies whose... 

Cova Advisory on Friday said the 2019 Budget, presented by Finance Minister Tito Mboweni on Wednesday, was “disappointing” with regard to support for manufacturing, with the manufacturing... 

The 13th annual Southern African Energy Efficiency Confederation (SAEE) Conference took place from the 13th to the 14th November at Emperors Palace Convention centre in Ekurhuleni, South Africa.... 

I was heartened to hear Trade and Industry Minister Dr Rob Davies confirming the importance of investment incentives when he unveiled the latest iteration of government’s Industrial Policy Action...