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Bulawayo City Council exempts industries and investors operating under Special Economic Zones from paying rates

Bulawayo City Council has resolved to exempt industries and investors operating under the recently approved Special Economic Zone (SEZs) from paying rates for up to five years to stimulate development and create employment.

Part of the incentives for manufacturing companies that set up and create employment in Bulawayo are as follows:

Development effected within the first year – Rebate at 100 percent for five years. Development effected within the second year – Rebate at 80 perecent for four years. Development effected with the third year – Rebate at 60 percent for three years. Development effected within the fourth year – Rebate at 40 percent for three years. Development effected within the fifth year – Rebate at 20 percent for one year.

More: Chronicle

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