The implementation of aggressive taxation policies by the South African government has a clear goal: To redress inequality by taking from the haves and giving to the have-nots. However, according to the chief economist at the Efficient Group, Dawie Roodt, this tactic isn’t working.Despite all of the redistribution, inequality is not coming down, he says. “Redistribution doesn’t actually help poor people to improve their financial positions or enable participation in the economy.
In fact, policymakers have become pretty hostile towards capital creation by subjecting it to a range of taxes, intermediary costs and regulatory charges. The medical tax credit, which is usually adjusted for inflation, was also left unchanged at R310 for the first two medical aid members.on behalf of yourself and your dependents. The main member, as well as the first dependant on the medical scheme, will receive a monthly tax credit of R310 . All additional dependants will receive a monthly tax credit of R209 .Assuming your gross income is growing less than the rate of inflation, you are actually earning less than the year before, says Butchart.
SA Reserve Bank stats also show that savings are in the dustbin. As a percentage of GDP, gross saving was at 14.0% in the final quarter of 2018 and averaged 14.4% for the year, the lowest annual number on record since the index began in 1990.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
BUSINESS MAVERICK: Five post-election economic milestones to watchUnless the government adopts market-friendly economic policies that stimulate growth and job creation, the 2024 national election is likely to be a fraught affair. What are the five milestones that investors will take comfort from after the 2019 election? Insightful article. 👌
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
BUSINESS MAVERICK: An old curse and addiction are at play in new debates around ivoryOn Wednesday, South Africans will decide the political fate of ‘The Buffalo’. In Botswana, regional governments this week are discussing the political fate of the elephant, including bids to sell ivory. Botswana, Zimbabwe, Zambia and Namibia have close to two-thirds of Africa’s elephants roaming within their borders, triggering human-wildlife conflict as rural subsistence farmers and swelling pachyderm populations collide. Emotions aside, it is useful to frame the issue in a wide historical context. Ivory was Africa’s original ‘resource curse’ and recent poaching trends have followed a disturbing historical pattern.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Business Maverick: S. Africa Taken to Court After Doubling Coal-Emission LimitsSouth Africa’s government is facing a legal challenge over its decision last year to double the amount of sulfur dioxide that coal-fired power plants and refineries can emit.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Business Maverick: Tuesday May 7: Five Things You Need to Know to Start Your DayTrump’s top negotiator confirmed his tariff threat and accused Beijing of reneging on trade commitments. A former Goldman Sachs banker implicated in the 1MDB scandal is in plea talks in the U.S. And China’s own Starbucks rival is seeking up to $510 million in a U.S. IPO. Here are some of the things people in markets are talking about today.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Business Maverick: Chinese Stocks See Muted Gains After Monday’s $487 Billion RoutThere was no rush to buy the dip in Chinese stocks after their biggest rout in more than three years.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Business Maverick: South African Assets Signal Rising Anxiety as Election NearsSouth African assets are signaling increasing investor anxiety about Wednesday’s election, with the fate of the rand and government bonds tied to the extent of the ruling African National Congress’ expected majority and what that implies for policy.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
BUSINESS MAVERICK: The dividend/growth balance: Anglo’s truly amazing debt turnaroundGetting the debt/dividend balance right is tricky — very tricky for mining companies. Pile up too much cash, investors get antsy. Buckle to investors’ immediate desires, long-term growth gets hit. Years of divesting from non-core assets and implementing stringent spending programmes have allowed Anglo American to significantly reduce its debt load to US$4.5bn in June 2018, down from a peak of US$14.1bn in June 2015. In 2019 it was able to commit to 40% of cash resources to a dividend payout.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Business Maverick: Analysis: Failure to win over youth voters could put SA economy at riskSome 8m youth voters are either unregistered or registered, but unlikely to vote and 700,000 voters are undecided, given their economic concerns. Corruption and expectations that the economy will not improve post-election are keeping the youth on the fence, while undecided voters cite unemployment as their biggest concern.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Business Maverick: India’s Bharti Airtel Plans to Kick Off IPO of $5 Billion Africa Phone UnitBharti Airtel Ltd., India’s second-biggest wireless carrier, is preparing to kick off the initial public offering of its Africa unit in a deal that could raise about $1 billion.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Business Maverick: Private Equity’s Returns Questioned Again, This Time by BuffettPrivate equity firms, which are attracting record amounts of investor funds, have for years faced criticisms that they game their returns. Over the weekend, billionaire Warren Buffett joined the chorus.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »