Hon House Chair, at the outset let me say that the IFP supports the Taxation Laws Amendment Bill. By its enactment the Bill will give effect to a great number of the tax proposals that were announced in the 2013 Budget Review.
We particularly welcome the provisions which assist and stimulate. For example, there are the provision of affordable houses, particularly in the mining sector, and the assistance provided to funders of public benefit organisations, PBOs, regarding rollovers because of the important services that many PBOs provide in South Africa. There are also the exemptions that will now assist our maritime industry in an effort to revive it, and the gateway subsidies, which will assist in entrenching our country as a gateway to Africa.
This country is at a watershed moment, and we must do everything in our power to ease the lives of our citizenry, as well as the manner in which business can be conducted throughout South Africa. This Bill enacts a great deal to assist these efforts. Again, the IFP supports this Bill. I thank you. [Applause.]