South Africa is an overtaxed society where there is no substantive return on taxpayers’ investment. State incompetence and collapse all but guarantees that the revenue collected for state services would be better utilised had it remained in the hands of the productive sectors of the economy from whence it comes. The Free Market Foundation advocates a fair, simple, and low tax environment that respects the scarce resources of taxpayers.
BEE allocates wealth inefficiently to the most politically connected black people and not necessarily to the ones who are most competent at managing the wealth so it can grow and be used to create employment.
This article was first published by Business Day on 26 September 2023 Just moe than 20 years ago I debated in print a rather gloomy position about the
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