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South Africa extends R&D tax credits for 10 years

Image: GovernmentZA [CC BY-ND 2.0], via Flickr

Finance minister Enoch Godongwana hopes reformed scheme will boost uptake

The South African government has extended its R&D tax credit scheme for businesses despite the programme’s disappointing record to date.

In his 2023 budget speech on 22 February, finance minister Enoch Godongwana (pictured) announced a 10-year extension of the scheme from 2024.

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