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The mining industry has envisioned a new future where business, human and environmental interests are not competing priorities, but complementary strengths: a 'Triple Zero' future of zero harm, zero loss, and zero waste. In the Triple Zero future, where zero harm is lived out day-to-day, the health and well-being of the workforce act as a fulcrum for sustainable business operations.
COVID-19 has created a universal imperative for governments and businesses to take immediate actions with significant financial ramifications. According to our latest study, market capitalisation for the biggest 2,000 companies worldwide has declined by 24 percent since the beginning of the outbreak, losing more than $12.4 trillion.
A workshop was recently hosted by National Treasury on the proposed changes in the draft Taxation Laws Amendment Bill, 2017 (TLAB) on converting debt to equity. These proposed amendments in the draft TLAB are in sections 19, new sections 19A and 19B, and paragraph 12A of the Eighth Schedule in the Income Tax Act 58 of 1962.