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
Continue reading…
Emigration Tax? ANC Regime to Charge Emigrating South Africans an Additional “Exit Tax” on Retirement Funds!
Posted on Leave a comment
Zuma’s Nkandla is Nothing Compared To Ramaphosa’s Pension Grab! Transnet Pension Debacle 2.0 Will Impoverish Twice More Blacks Than Whites & Will Encourage More Eskom Corruption!
Posted on Leave a comment
#PensionCapture – As certain as we were told by mainstream media that there were WMD’s in Iraq, Ramaphosa’s proposed pension plunder will also be propagandised into appearing as a good idea by the establishment, who will frogmarch South Africa into allowing them to steal from the many, to give to themselves and their cronies. There are also two silent partners pushing this scheme, namely the banksters, who stand to make serious commissions, and also rescue their bad loans to a bankrupt Eskom, and possibly extend this plunder to other bankrupt parastatals (who they also lent money for), once they have pried open the door to SA’s last pot of gold, and then of course there is the ANC’s ever present shoulder parrot, the South African Communist Party, who is never far.
Continue reading…
#CelebrityDespots Why Do Black Eskom Workers Love Brain Molefe, Who Helped Guptas Plunder Transnet & Put Eskom R450 BILLION in Debt & Was Paid R2 Million a Month Pension?
Posted on Leave a comment
AFRICANS LOVE THEIR DESPOTS: Black Eskom Workers who are members of the Government Pension Scheme and the powerful COSATU trade union, are allowing (unwittingly or not) Cosatu to allow the ANC regime to grab R254 Billion from their own pension fund, the GEPF, and they even supported Brian Molefe, ex Eskom CEO, who helped the Guptas put Eskom into R450 Billion debt, with song and dance!
Continue reading…
Breaking News: Framework Document Agreed for SONA Which Will “Voluntarily Mobilize Savings” To Allow ANC & Rothschild’s To Plunder Pension Funds!
Posted on Leave a comment
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.
Continue reading…
ANC regime just cant resist the old folks money – State still wants to use pensioners funds as a bailout for bankrupt SOE’s
Posted on Leave a comment
The PIC group announced that they will meet in November to consider options to help the bankrupt state entity Eskom with its debt. Pensioners were given the assurance that the value of pensions would not be “wasted”. PIC already carries almost R90 billion of Eskom’s debt and more than one million public servants’ pension is..
Continue reading…
According to research, many South Africans are ‘too broke to retire’
Posted on Leave a comment
A large number of South Africans earning at least R15,000 a month are delaying retirement because they simply can’t afford it, a survey found. South Africans’ spending habits and aspirations were at odds with reality, a survey by money lender Wonga has shown. Meanwhile, research also shows that many people are simply too broke to..
Continue reading…
The ANC regime now wants to loot your pension money to save their struggling state entities
Posted on Leave a comment
TAU SA expressed concern about the statements made on public forums by the ANC government where advocacy is being made to use SA’s pension capital for investment in so-called fixed assets. The size of the exit funds can make a huge impact on the national economy; according to the 2017 annual report of the pension..
Continue reading…
IT IS ALL ABOUT THE MONEY!: I’m A Single Parent, That Pension Will Help My Family – Dlamini On Parly Exit
Posted on Leave a comment
Former Minister Bathabile Dlamini said she did so because she thought she would be more useful if she was outside the legislature mobilising women. Dlamini has told Eyewitness News she resigned from Parliament because she needed the ministerial pension benefits to take care of her family. Dlamini spoke to EWN in a wide-ranging interview on..
Continue reading…
A ‘comfortable’ life awaits Zuma if he steps down as president
Posted on 30 Comments
Should Jacob Zuma heed calls for him to step aside as president of the country‚ he will be entitled to his salary and most of the perks he enjoyed in office – for the rest of his life.
He would be paid his annual R2‚989‚845 salary after stepping down‚ be provided with security and an official vehicle‚ an office and a secretary and be entitled to free domestic flights on the national airline.
Continue reading…