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
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.
Many details would have to be worked out, but the principle remains: a new company, flying SA’s colours, able to compete against other international airlines and make a profit.
Reducing or eliminating corporate tax would boost economic growth, increase South Africa’s competitiveness and attractiveness as an investment destination and raise future wages.
There is reason to be concerned at the intention to introduce a new and unavoidably destabilising carbon tax at a time when the economy is struggling to deal with the effects of a major worldwide economic slowdown.
