Tuesday, June 19, 2007

S.Africa finalises lower export duty on diamonds

(Reuters) - South Africa has finalised a cut in its export levy on diamonds to 5 percent from 15 percent, but tightened exemptions in an effort to boost local processing of gems.

Finance Minister Trevor Manuel had previously announced the changes in export tax, but introduced a bill with the provisions into parliament on Tuesday.


Read more at Reuters Africa

No comments: