Two equal evils, poverty and inequality lie at the root of South Africa’s economic problems. Both should be treated equally. If the focus is only on inequality, it will create an economy where everyone is equally poor, except the elite which holds power, said adv. Anton Alberts, chairman of the FF Plus. Adv. Alberts said..
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ANC regime is the reason why South African citizens live in poverty
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No Tax Revolt Coming To South Africa – Gigaba – What About Zuma?????????
‘We will revolt against those who revolt against paying taxes,’ says Gigaba. South African Finance Minister Malusi Gigaba presented the 2017 Medium-Term Budget Policy Statement (MTBPS) in Parliament on Wednesday. Finance Minister Malusi Gigaba says that he does not foresee a “tax revolt” among South African citizens who are fed up with corruption and government’s..
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Just in SA – Power tariffs increase, municipalities do not pay
Eskom has tried to explain their request for a tariff increase of almost 20 percent to Nersa, but it seems that several municipalities simply do not pay for Eskom services. Direct consumers of Eskom Power, such as farmers and industries, will be severely affected by the requested tariff increase. Now it appears that Eskom does..
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Zackie Achmat: SA is on the verge of ‘chaos’ – Yes we know that already!
We must accept we are in an extremely dangerous situation where, unless we do something, we will create the moment of chaos.” This is the warning to South Africa from 55-year-old anti-apartheid activist and acclaimed Treatment Action Campaign (TAC) co-founder Zackie Achmat. “Everyone I know, all of us just hope Cyril [Ramaphosa] will win [the..
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ESKOM FACING CASHFLOW TROUBLE – THEN STOP SPENDING MONEY ON BONUSES
Eskom spokesman Khulu Phasiwe said the firm’s sales growth had been muted while its operating cost was very high and its tariff for the current financial year was low. South Africa’s scandal-plagued power utility Eskom said on Monday it was not insolvent but was facing serious liquidity issues and would be in “trouble” if the..
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Treasury senior official calls it quits as Zuma takeover looms
Michael Sachs, the head of the budgeting office at the national treasury, has reportedly resigned because of interference in its budgeting process by the presidency. The Business Day newspaper reported on Monday morning that “a joint team from the treasury and the Office of the president” are searching for R40-billion in expenditure cuts from the..
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SARS Goes After Taxpayer Who Owes R0.49 – SARS MUST BE DESPERATE
SARS is getting desperate after suffering huge shortfalls and is now auditing a large portion of taxpayers who need to receive refunds. This is according to the Rapport newspaper, which spoke to tax practitioners about changes at the revenue service. According to the newspaper, more salary earners are subjected to audits – while SARS takes longer..
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How you will pay for Zuma’s free education plan
The government is considering drastic budget cuts to fund free higher education, including cutting social grants, freezing the roll-out of RDP houses and increasing taxes. With the country facing an unpre-cedented R50.8‑billion revenue hole, a treasury document has been put before President Jacob Zuma by the presidential fiscal committee, outlining possible areas where budgets could..
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SARS desperate – goes after taxpayer who owes R0.49
SARS is getting desperate after suffering huge shortfalls, and is now auditing a large portion of taxpayers who need to receive refunds. This is according to the Rapport newspaper, which spoke to tax practitioners about changes at the revenue service. According to the newspaper, more salary earners are subjected to audits – while SARS takes..
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Zuma’s Mask Slips All The Way As He Shows How Far He’s Willing To Go
Jacob Zuma drops soil onto the grave of veteran journalist Zwelakhe Sisulu at the West Park Cemetery in Johannesburg. Sisulu was imprisoned during apartheid for voicing opposition to the National Party. The coordinated, yet clumsy and moronic, attempt through the weekend by the State Security Agency and SA Revenue Service to stop distribution of Jacques..
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