Diamond manufacturers in turmoil
Friday, November 28, 2014
After five years of exemption, most of the 21 diamond cutting and polishing company will from this month be obliged to pay 0.2 percent of their turnover to government through the Human Resource Development Council (HRDC) as training levy.
While observers assert that the 0.2 percent is a small amount for a sector that does not pay a lot of taxes, industry insiders told BusinessWeek that their already troubled industry is a high turnover, high costs but low profit margin business and cannot therefore cushion the effects of any more taxes.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...