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 areed12@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus