In the National Treasury’s latest published Draft Tax Bills, which incorporates the tax proposals made in the 2021 Budget, the amendment proposes a particularly worrying amendment which may upend taxpayers’ carefully planned retirement. The Draft Taxation Laws Amendment Bill (TLAB) proposes an additional “exit tax” to tax retirement fund interests of individuals when they cease South African tax residency. This proposed amendment, due to come into operation on 1 March 2022, would be a further blow to emigrating South Africans wanting to cease their tax residency, following on from the three-year lock-in rule imposed on retirement annuities earlier this year.
Emigration Tax? ANC Regime to Charge Emigrating South Africans an Additional “Exit Tax” on Retirement Funds!
#Gupta 2.0 – Harith, New Owner of SAA Set up by Mbeki Ramaphosa Faction Using Government Pension Funds?
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Did anyone ask us? When connecting the dots, as Pravin Gordhan instructed, it seems the privatisation of SAA is yet another plunder scam by the ANC mafia. Harith, the new owner of SAA, was setup by the Mbeki and Ramaphosa faction of the ANC, possibly using funds belonging to the Government Employee’s Pension Fund (PIC). Just like when multi billionaire Oligarchs were created after the fall of the USSR, by funneling state public assets into private crony pockets. the privatization of SAA is just a massive ploy, designed to capture SAA for businessmen connected to Ramaphosa’s faction of the ANC! Was SAA deliberately bankrupted to enable this plunder of our assets?
Takatso consists of Harith General Partners, a 100% black owned company, and Global Aviation. Takatso will allegedly invest R
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Fitch Rating Agency Warns ANC Regime over Uncontrolled Spending and Unproductive Public Sector Salaries!
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In a study published last week, the Fitch credit rating agency has warned the ANC government, which is still reluctant to consider public sector salary demands for the next three-year term, over it’s inability to exercise control over spending, which could lead to further budget problems.
SA Banking Ombudsman Reveals Most Common Complaints about Banks & Bankers – FNB had Most Complaints!
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More than 7,700 official complaints have been lodged with the Ombudsman for Banking Services in South Africa, who published their annual report for the 2020 financial year, which contains the most common complaints against banks, as well as bankers, because the relationship between larger customers and the banker is also in the report. 6,472 complaints were received the previous year (2019).
Some complaints are brought to the attention of the Bank with the expectation of getting a response to them and for reporting to the Ombudsman. In this regard, the Ombudsman referred 8,389 cases back to the Banks concerned, which is a sharp increase compared to the 4,709 returned to banks in 2019.
Complaints related to matters on current accounts included fraud, fees charged, and other costs, as well as banks’ negligence in issuing warnings of accounts to be closed by the bank. The Ombudsman also closed 981 accounts involving internet fraud.
Numerous complaints about credi
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Fitch Rating Agency Warns ANC Regime over Uncontrolled Spending and Unproductive Public Sector Salaries!
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In a study published last week, the Fitch credit rating agency has warned the ANC government, which is still reluctant to consider public sector salary demands for the next three-year term, over it’s inability to exercise control over spending, which could lead to further budget problems.
The ratings agency pointed out that the compensation paid to public sector workers, which makes up a massive 35% of the workforce, will not yield good results, and furthermore, any salary increases and adjustments could be detrimental, as the country’s growth will only be around 2% for the financial year.
In response to the agency’s report, Nazmeera Moola, head of SA Investments, claimed that the agencies were inclined to be skeptical of the ANC government’s ability to stick to its position of 0% increase in remuneration.
He says there is also doubt about the government’s ability to create growth in the economy, and while it was a source of concern, the ANC government is appa
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Solidarity Taking Lindiwe Sisulu to Court to Stop Racist & Illegal Importation of Cuban Engineers!
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The Solidarity trade union has announced that they are continuing with a court application to force the minister of Water Affairs, Lindiwe Sisulu, to cancel her planned import of 24 Cuban water engineers, into South Africa at a cost of R65 million, especially since it was revealed that Sisulu refused to appoint qualified white engineers who have applied for the posts, simply because they were white.
Ramaphosa Tries the “Apartheid Whip” Scam to Destroy Multinational Covid Patent Profits & Guilt Trip Covid Vaccines from Wealthy Countries!
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Just mention “Apartheid” and white people go limp and start throwing free stuff at blacks. The ANC regime have become Billionaires off of this scam, which is why the ANC government in Pretoria has threatened to accuse wealthy nations of hoarding Covid jabs, and “vaccine apartheid,” if they don’t share Covid jabs. South Africa’s Cyril Ramaphosa has got the old well worn begging bowl out again, accompanied by all the well used, tried and tested rhetoric to extract more hand outs from the West. As a selling tool he raises the spectre of millions of people in poorer countries (to whom the West have given Billions for decades), which may die waiting to be inoculated against Covid-19, as rich countries inoculate their own people. He accused wealthy nations of “hoarding jabs” and reaffirmed his support for his global patent waiver on vaccines.