EDITORIAL: Throttling the golden goose
Figures from the SA Revenue Service, released before Christmas, reveal just how frighteningly fragile the corporate sector really is, with dire implications for SA’s fiscal sustainability
09 January 2020 - 05:00
Finance minister Tito Mboweni gets it, but mineral & energy resources minister Gwede Mantashe doesn’t. Reserve Bank governor Lesetja Kganyago is well aware of the problem, but it seems to have entirely escaped health minister Zweli Mkhize and many others in the ruling ANC.
Figures from the SA Revenue Service (Sars), released before Christmas, reveal just how frighteningly fragile the corporate sector really is, with dire implications for SA’s fiscal sustainability. Don’t let the stiflingly dull title fool you: Sars’s 2019 "Tax Statistics" is one of the more terrifying documents you’ll read...
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