Would one of our economic gurus please explain to me how we are ever (repeat ever) going to see economic growth again in SA? In February our new finance minister, having been given a hospital pass by the ANC wrecking ball, mugged already groggy consumers with his zero growth budget containing a bag full of increased taxes and levies as well as a disguised income tax increase. This was followed by a really economically backward energy regulator granting our failed government employment arm, Eskom, massive increases.
One fuel price increase has followed another, a large portion of which has financed government wastage and theft. With the exception of DA-run municipalities, inept and dishonest ANC local government cadres, with their 30% pass marks, have jumped onto the bandwagon and hit consumers with huge service increases to finance their luxurious lifestyles, accompanied by the now compulsory looting...
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