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Wealth Creation

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The Supreme Court of Appeal (SCA) last week overturned a Western High Court ruling that a R48 million contribution to a Spur employee share trust was an expense in the production of income, and was therefore deductible.
In 2004, Spur launched a share incentive scheme for employees, with Spur Holding Company (HoldCo) being the sole capital and income beneficiary.
18 Oct 2021 9AM English South Africa Business News · Investing

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