It’s all very well for the ANC to boast that South Africa is the only African country giving grants to almost half its population, but economists warn that this is unsustainable. There are not enough taxpayers, nor economic growth, to fund the growing welfare bill, and Treasury has warned that South Africa only has 7.4 million individuals with taxable income. Increasing taxes will not help. There is a high price for higher taxes, which includes slower economic growth and less employment, which impacts the poor first. These are the problems the ruling party needs to address first. – Sandra […]
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