The tax rate is a flat rate of 28% when compared with other forms of ownership in Transnet.
The ownership of Transnet is known to be a public company that was made in regards to the Legal Succession to the South African Transport Services Act, No 9 of the year 1989.
Note that Transnet's procurement activities is one that has lead to a direct change in economic transformation of South Africa.
It is one that have the ability to lower income inequalities, as well as increasing the rate of formerly disadvantaged individuals who are known to run, own and control businesses.
Therefore, The tax rate is a flat rate of 28% when compared with other forms of ownership in Transnet.
Learn more about Transnet from
https://brainly.com/question/1329973
#SPJ1
