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It’s time to get the constitution involved – Part 1
SA should prescribe rigid measures to rein in a fiscally imprudent government
15 June 2021
SA should prescribe rigid measures to rein in a fiscally imprudent government
The government would enhance its image as a financially prudent entity that does not run the risk of defaulting on its debt or engaging in extensive QE that crowds out private investment
South Africa needs to be an environment that encourages all possible economic activity (from the smallest to the biggest); this will not happen through policies and ideas that make it difficult for businesses to operate and a state that consumes ever-more tax revenue, suffocating the private sector.
How exactly does the Grand Parade decision promote the spread of greater black ownership?
With all that said, the potentially negative consequences of wealth taxation such as capital migration, disincentives to save, and the effect on entrepreneurship and employment must be thoughtfully considered.
Johannesburg – StatsSA has announced that the official unemployment rate is now 32.6%. On the expanded definition, which includes those who have given up looking for work, the number is 43.2% (more than 11 million people).