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
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Emigration Tax? ANC Regime to Charge Emigrating South Africans an Additional “Exit Tax” on Retirement Funds!
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Whites Excluded by Law in South Africa! Even Emergency Covid19 Relief Funds Withheld from Whites by the ANC Black Majority Government!
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“THE STRUGGLE” for Black Supremacy: The ANC regime have officially become what they allegedly fought against, by legislating race based regulations! Despite legal challenges, the Department of Tourism has announced that its “if you are white, you are out” assistance package, of R1, 2 Billion is to proceed and whites will officially be excluded!
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ANC Socialists Successfully Make Another 1.5 Million People Unemployed, Making Them Dependent on ANC Welfare Grants! Communism 101
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The CCPvirus remains the gift that keeps giving for large corporations and anti small business communists the world over, especially in South Africa where another 1.5 Million people have become unemployed. From “big box” big name retailers who are making record profits selling online, and having their small business competition permanently put out of business in lockdowns, to despotic socialist regimes like the ANC, who want more people dependent on them for welfare handouts, so they can control every aspect of their lives (and coerce them to vote ANC). However demand for welfare and emergency funds are high, with stiff competition from corrupt ANC cadres and thieves making away with large portions of the emergency loan funds already!
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Breaking News: Framework Document Agreed for SONA Which Will “Voluntarily Mobilize Savings” To Allow ANC & Rothschild’s To Plunder Pension Funds!
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The liberal business body BUSA led by Rothschild’s, Trade Union Cosatu and the ANC regime have reached an agreement and have drawn up a framework document which will “voluntarily mobilize savings” like pension funds, to allow ANC, and Rothschild’s no doubt, to raid Public & Private Pensions to bail out Eskom from its R450 Billion self inflicted debt.
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Taxpayers funds ANC government failures – the country is suffering while ANC cadres live in splendor
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“The goose that lays the golden eggs and who has to pay for the ANC’s failures – the taxpayer – can no longer,” says Wouter Wessels, FF Plus MP and chief spokesperson for finance. “It is also not necessary for anyone to attend the Standing Committee on Budgets to see that the country is in..
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Money Robbed from VBS Mutual Bank: detailed account of how EFF leader Julius Malema’s lifestyle, business prospects and political aspirations were funded
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ONE. The lifestyle, business prospects and political aspirations of EFF president Julius Malema were funded from the R16.1-million robbed from VBS Mutual Bank and paid out to Sgameka Projects, the company of the brother of EFF deputy president Floyd Shivambu, Brian. Malema’s share of the loot was R5.3-million and it was dumped into his slush..
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PENSION FUND NEW PIGGY BANK FOR ANC-REGIME TO EMPTY
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There are speculations in government circles that the Trillion Rands currently in pension fund managers’ hands should be used to get South Africa out of its financial predicament, and not just to use the Eskoms, SAA, SABC etc. But believe me there are many other obscure motives behind the discussed move. When the IMF joins,..
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Parasitic Parastatal Eskom, is holding the ANC hostage. Demands funds or else the whole of SA will suffer without power
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If there is no funding, there will be no change, and the ANC regime will be guilty party because he made the appointments in the power utility’s senior posts. This is the opinion of a political analyst after Finance Minister Tito Mboweni announced that Eskom needed R59bn to remain operational. The minister announced in Parliament..
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Humour has it that ANC regime can reduce SA’s debt burden by increasing VAT to 20% – nobody is keeping pace with the fact that corruption are the cause of state debt
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The government should increase the VAT rate by at least 5% to reduce the debt burden in the provincial roads’ maintenance account which is now six times higher than the province’s expenditure. Reports indicate that the South African roads, which are in a dire state, are now desperately seeking funds since there is was already..
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Funds allocated to Prasa will now be used to bailout failed Sanral e-toll systems
Employees of thirty municipalities may not receive salaries due to a shortage of funds – caused by lack of skill of councils and mismanagement of funds
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It appears that thirty municipalities do not have enough funds to pay their workers at the end of June. This causes medical aid, pension contributions and other policies to fall in arrears and workers are at risk of discontinuing benefits from providers. The latest report shows that municipalities struggle with debt over billions of rand’s..
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Experts say R230bn is not nearly enough to save sinking Eskom and believe leadership leadership and instability is the biggest problem at state entities
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During his speech before the SONA the ANC president, Cyril Ramaphosa, said Eskom could not go down and that the state would see to it that there is enough funds available to keep the entity going. According to experts, its R230bn is not enough to save the failed power supplier. Chris Yelland, a well-known energy..
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ANC Election Donors – Companies like Sanlam, Angelo American, MTN fund the ruling party
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SA’s political parties have been receiving donations in the form of money, goods and services for years from the likes of banks, corporations, individuals, foreign entities, governments and political parties, and state-owned enterprises. Although donations to political parties are not always in hard cash, the largest donations are usually paid into bank accounts. Sometimes goods..
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Mining also a corrupt industry – Donations that had to be used for project development have disappeared without a trace
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Funds earmarked for the development of projects in the Western Transvaal and the Northern Transvaal (Limpopo) apparently disappeared into thin air. The funding and managing of the finances hailing as mining donations has raised questions at Corruption Watchdog. They have now asked that the plundering of essential funds need to be investigated. No records are..
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Struggling SABC that has been dependent on state aid for years has placed staff into a huge embarrassment by not paying their salaries
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Staff realized with shock that the SABC did not pay their salaries into their accounts on Tuesday. Apparently, the Broadcasting, Electronic, Media & Allied Workers Union sent a brief report confirming that they had received notice that no payments were made. A staff member apparently confirmed to the media that they had not received salaries…
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