Higher taxes on the cards as government scrambles to implement NHI | IOL Business Report

JOHANNESBURG – South Africa’s embattled consumers are set to see a rise in taxes as the government scrambles to implement the much-touted National Health Insurance scheme. The National

“South Africa needs to know the financial implications of this massive health scheme before irrevocable decisions are taken, which could be economically damaging. There are no soft options available, especially for as long as the economy remains in a ‘low-growth trap’,” Parsons said. Data from Statistics South Africa released in May showed that more than 47 million South Africans did not have medical scheme cover, with just 9.4 million people enjoying the benefit.

“While supposed to help people access medical care, the NHI scheme will undermine any chance of economic success by either cutting wages or eliminating jobs altogether and will entrench South Africa’s terminal economic conditions.”

busrep I've said it before. I will simply stop taking on new work when I reach the provisional threshold. I'm happy to pay reasonable tax to a government that's doing something good with it. I refuse to fund this nonsense and looting

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