But the fiscal risks it poses to a fragile economy have not diminished.
And government faces some hard trade-offs to ensure these risks are minimised and that other social spending is not compromised.Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
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The tax hikes that could fund a new basic income grant in South AfricaWhile president Cyril Ramaphosa has been a strong proponent for a basic income grant in South Africa, the government also needs to be rational about the fact that the additional expenses will necessitate raising taxes and budget cuts, says Michael Sachs. 🤌 IMHO grants should have consequences. Remove the incentive to have numerous kids that they can't feed or educate. 1st child, 100% grant. 2nd child 50%. 3rd child 25%. 4th & subsequent ZERO. Responsibility must be incentivised. No more taxes!! 45% must be the highest tax bracket globally!!! Then look at petrol tax, other tax, and what do citizens get for this all!!
Source: BusinessTechSA - 🏆 24. / 61 Read more »
25 major projects planned for South Africa – including a smart city, new borders and highway upgradesNedbank has published its latest capital expenditure project listing report, detailing some of the major fixed investment projects planned for South Africa. Would Be Nice. how about they fix 100's of existing towns and cities first I heard this a long time ago. Any progress? I did not think so! Flushing toilets for school children would be a great start
Source: BusinessTechSA - 🏆 24. / 61 Read more »
Mara Phones says Covid and lack of uptake in South Africa caused its demiseIts failure comes after hefty government investments in the company, including a tax break of over R100 million. Could it be that they have never even once advertised the products on South African television on YouTube on radio stations I have never heard of this product before NEVER!
Source: BISouthAfrica - 🏆 34. / 51 Read more »
South Africa torn over multibillion cost of fighting inequalityRecord unemployment and deepening poverty has fuelled calls for the government to move toward a basic incomegrant, which would be the biggest of its kind globally. Moneyweb Economy
Source: Moneyweb - 🏆 5. / 77 Read more »
Higher minimum wage makes it harder to hire locals in South Africa: unionLabour union Solidarity has called for South Africa’s minimum wage to be scrapped, warning that it could have the opposite of its intended effect and lead to jobs losses. R25 per hour ke high minimum wage? Cheetahplains If you are not able to pay minimum wage close your business, this is ridiculous. Lmao. So they choose break the labour. These liers, they didn't hire locals even before the minimum wage was introduced.
Source: BusinessTechSA - 🏆 24. / 61 Read more »
Google details investment plans for South AfricaGoogle has unpacked its plans to assist startups, SMMEs and nonprofits in South Africa, and help the country’s economic recovery process through large-scale investment.
Source: BusinessTechSA - 🏆 24. / 61 Read more »