Bloomberg News

AECI Subsidiary Files Application With Court Over Land Sales Tax

June 06, 2011

June 6 (Bloomberg) -- AECI Ltd., Africa’s largest explosives maker, said its Founders Hill Ltd. unit has lodged an application with the Constitutional Court in South Africa for leave to appeal against a Supreme Court of Appeal ruling that the proceeds from sales of land should be taxed as income.

To contact the editor responsible for this story: Alastair Reed at

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