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The tax incentives, on a sliding scale, would be calculated based on a company's rating on a governmental empowerment scorecard and was intended to provide a competitive advantage to racially transformed companies. This was interpreted as a "carrot" to balance the "stick" of legislated transformation
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The initiative was subsequently criticised for being too limited, for potentially reducing the tax base and for effectively proposing that a black majority government fund the transformation of white-owned businesses.
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incentives and penalties to encourage black ownership of companies and businesses and to raise R224-billion to ensure 26 percent black ownership of all equity on the
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for tax breaks to companies that give shares to a broad base of employees was considered to be linked to the
Brenthurst Initiative.
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The initial, draft proposal release in August 2003 had the stated objectives of boosting South Africa's
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The initial response from some economist and trade unions was described as "downright cool".
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that called for tax incentives to encourage economic growth and black wealth creation.
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336:"New debate about transformation has begun, sparked by the Oppenheimer dynasty"
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The initiative was first released at a function opened by
President
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rate from 2.7 percent to 5 percent annually, developing a system of
280:"Sars proposes tax incentives to encourage black empowerment"
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called the initiative "both good news and bad news".
358:Original Brenthurst Initiative policy paper (PDF)
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222:"Oppenheimers pledge to boost transformation"
300:"Cool response to Brenthurst initiative"
363:Analysis by the Helen Suzman Foundation
60:requirements and associated penalties.
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282:. Business Report. Archived from
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242:. Financial Mail. Archived from
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107:South African Revenue Service
318:"Oppenheimer to SA's rescue"
262:"Brenthurst plan under fire"
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193:"The Brenthurst Initiative"
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20:was a 2003 policy paper on
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378:Black economic empowerment
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22:Black Economic Empowerment
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105:A 2004 proposal by the
100:Helen Suzman Foundation
54:JSE Securities Exchange
126:Independent Online(1)
72:and drew praise from
18:Brenthurst Initiative
286:on December 28, 2004
224:. Independent Online
86:Mangosuthu Buthelezi
80:and criticism from
240:"A second CODESA?"
206:Business Report(1)
170:Business Report(2)
302:. Business Report
137:Financial Mail(1)
34:Nicky Oppenheimer
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74:Cyril Ramaphosa
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46:economic growth
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352:External links
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78:Moss Ngoasheng
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246:on 2009-01-09
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159:Cape Times(1)
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340:. Retrieved
338:. Cape Times
322:. Retrieved
304:. Retrieved
288:. Retrieved
284:the original
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248:. Retrieved
244:the original
226:. Retrieved
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40:The proposal
26:South Africa
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70:Thabo Mbeki
215:References
148:News24(1)
82:Tony Leon
64:Reception
56:by 2014.
372:Category
320:. News24
181:Fin24(1)
30:Jonathan
342:30 July
324:30 July
306:30 July
290:30 July
268:30 July
264:. Fin24
250:30 July
228:30 July
113:Notes
344:2008
326:2008
308:2008
292:2008
270:2008
252:2008
230:2008
98:The
84:and
76:and
32:and
16:The
50:tax
28:by
24:in
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