ANC Chairman on economic transformation, Enoch Godongwana, said during an interview with the Sunday Times that money from the country’s private and public pension funds should be used to pay off the debts of struggling state-owned enterprises such as Eskom and SAA. In response to the statement, economist Mike Schüssler said it was just another..
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ANC’s pension money proposal upsets economists – Government wants to use private and public pension funds to settle struggling SOE’s debts
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ANC government is milking taxpayers! – Figures from 115 countries available, SA ranks eighth with high tax rates
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The South African Revenue Service has increased taxes amid poor economic conditions and consequently poor economic growth. South Africa is among the top ten countries with high taxes and is also the highest with tax rates. Personal taxes have become more important to the greedy government than a source of revenue for the state over..
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Month-end 33% of teachers in black South African schools are AWOL – Inadequate funding is not the main cause of South Africa’s poor-quality education, the teachers are the problem!
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IMF report slams SA’s education folly – Costly, politically expedient interventions will not fix SA’s dysfunctional education system; we must tackle the root causes of the problem. Without addressing the weak foundations at the primary and secondary school levels, the government’s flagship policy of free tertiary education is likely to deliver disappointing results. At worst,..
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The corrupt ANC government plans ‘could collapse pension funds, with pensioners dying poor’
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The party’s manifesto hints at targeting pensions through prescribed investments, ‘which will see half the population’s money used to bail out failing entities like Eskom’. The prescribed investments for pension funds hinted by the ANC in its 2019 election manifesto could lead to the collapse of South Africa’s pension funds and pensioners dying poor. Explaining..
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IMF criticizes South African government’s tertiary education plan – Government should rather concentrate on free education with a good standard
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The International Monetary Fund (IMF) criticized South Africa and the government for its intended free education at tertiary institutions. The spokesman said the country should rather concentrate on free education with a good standard in primary and secondary schools so that they can achieve good results with post school studies. South Africa should do a..
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This ‘gift’ of R370bn from China needs to be scrutinised, don’t you think??
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Given South Africa’s current economic woes, one would think that China’s recently announced investments in the country — the R33-billion loan from the China Development Bank to Eskom and the R370-billion toward a stimulus package — would have resulted in jubilation. But, bar the praises of a few government ministers, the news has gone down like a lead balloon.
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How you will pay for Zuma’s free education plan
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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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Falling BRICS endanger their citizens’ health, starting with Jacob Zuma.
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As he launches the African Regional Centre of the New Development Bank (NDB) in Sandton on Thursday, nearly 18 months behind schedule, Jacob Zuma must have mixed feelings. Strife-riven Brazil, Russia, India and China are more risky allies than Zuma reckoned when in 2010 he accepted Beijing’s invitation to join the club. “I was poisoned..
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