SA’s retail and fast-food giants demand tax relief from government (Moneyweb)

Big corporations in the food and essential products manufacturing and retail industry are calling for tax breaks as they see the cost of doing business in the country spiralling out of control.

The companies say they can no longer carry the burden of keeping the South African ship sailing without government’s support.

The CEOs of JSE-listed companies Shoprite, Tiger Brands, Famous Brands and Pick n Pay are just some that endorsed an open letter to President Cyril Ramaphosa, under the letterhead of the Consumer Goods Council of South Africa (CGCSA) – of which they are all a member. In the letter the group asks the president for leniency ahead of his annual State of the Nation Address (Sona) on Thursday (9 February). Click here to read full article