Posts tagged with 'Minister of Finance'

 

Jessie Duarte’s Outdated Ideology on Land Expropriation without Compensation Represents Unworkable & Unrealistic ANC Factional Thinking

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The Ad Hoc Group for the Protection of Property Rights has taken note of ANC Secretary-General Jessie Duarte’s remarks on Monday, on Expropriation without Compensation at a media conference. During the interview, she elaborated on the ideological fiction that expropriation without compensation (EWC) is at the heart of economic development.

This position flies directly in the face of a finding by the Institute of Race Relations that expropriation threatens “the property rights of all South Africans: from the 9.5 million people with homeownership to the approximately 18 million with customary law plots and the estimated 17 million who are members of pension funds. It would also harm all business owners, large and small. At the same time, the economic consequences of the Bill would further harm the 11 million individuals who are currently unemployed, by reducing investment, limiting growth and hampering post-lockdown recovery.”

 

How out of step Je
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EFF Leader, Malema, Convicted of Violating Parliament’s Code of Ethics on Two Charges!

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The Joint Committee on Ethics found that Malema had violated the code of ethics for members of parliament by not enforcing the law, when he called on foreign nationals to find ‘creative ways‘ to invade SA illegally, after SA borders were closed during the Covid lockdown in January.

Malema was found to have violated the code with his call in January to foreign nationals, to find a ‘creative way‘ to enter SA illegally, if they could not enter the country through the border posts.

Listen Here:

[embed]https://sa-news.com/wp-content/uploads/2021/09/15-Sept-malema-Eng.mp3[/embed]

 

“So let the borders be opened and if the gates are not going to be opened for Sadec [the Southern African Development Community], fellow Sadec people please find a creative way. This is your home, your fa
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ANC Government wants to Establish a State Bank, in Line with their Socialist Principles. Hint: Central Banks are Private!

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In keeping with the Socialist principle that the State must own and control everything, as with the ANC’s National Health Insurance Scheme, the National Treasury said it was also moving forward with the establishment of a state-owned bank for South Africa, and that Cyril Ramaphosa, and the Minister of Finance, Tito Mboweni, were supporting it. It might surprise many to discover that the Central Bank is in fact privately owned, as it is worldwide.

Last week, Treasury Director-General Dondo Mogajane said the new state-run Bank was part of the ANC president’s radical reforms and rumor has it that the members of the Committee, who are involved in the matter, are blaming the Treasury for delaying and dragging their feet in carrying out the matter to establish the Bank.

Experts in the economic field have expressed concern about the planned establishment of a state-owned bank and some analysts say it will eventually become just another state owned entity that will not r
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SA motorists brace yourself for big fuel tax increases the coming months – seems like the ANC-regime wants to recoup their loses by taxing you more on fuel levies

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Minister of Finance, Tito Mboweni, will deliver the Budget Speech 2019 in Cape Town on 20 February.

Expectations are high that he will balance competing expenditure priorities to stimulate economic growth in spite of fiscal consolidation measures.

However, the former central banker’s task is formidable and he will likely have a difficult balancing act on his hands.

One of the key balancing acts will be how Mboweni tackles the issue of the fuel levy.

In an analysis of the upcoming budget, PwC tax experts noted that the general fuel levy has been increased significantly in each of the four previous budgets as a means of raising additional tax revenues.

“The general fuel levy is only slightly progressive and was previously seen as being less politically sensitive than VAT,” PwC said.

“This perception has, however, changed with the increased attention resulting from the VAT increase in 2018. As such, it may no longer be
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