(New account). Zero tolerance for the woke & politically correct. Allergic to left wing dogma & pronoun palookas. Reality's what matters. Purveyor of the truth.
@I_am_Munaa This reflects poorly on your friend rather than SARS. Is his name perhaps Ignoramus, because a process for registering valuables (DA 65) has been available for as long as I can remember to prevent such occurrences?
@I_am_Munaa "Registration for re-importaton is not new. It's been around for as long as I can recall & required travellers to complete a form DA65 on leaving & present it on request to customs on re-entering the country. The difference is it was voluntary in the past and now compulsory.
Capital gains and inheritance taxes are outright theft.
There is no moral justification that the state can make for just helping themselves to a portion of a private citizen’s wealth built by their prudent choices using money that had already been taxed.
It’s frankly disgusting.
And tragic that we’ve normalized this and more people don’t see it for what it is.
It’s one thing to (moderately) tax people transactionally on income and consumption. You could even argue that it’s a macroeconomic control and a clip rate to fund the state functions that we all use (as if!).
Entirely another for them to help themselves to the wealth someone spent a lifetime building.
If all African billionaires with direct access to political power possessed a genuine builder's mentality, the economic trajectory of the continent would look completely different.
Unfortunately, state proximity is usually weaponized for rent-seeking and importing luxury goods rather than establishing long term industrial independence.
Aliko Dangote is a rare exception because he aggressively industrializes every single opportunity he secures.
Whether it is building massive cement plants, fertilizer facilities, or the world's largest single train petroleum refinery, his primary instinct is always to produce locally what we used to import.
That specific level of legacy driven execution is not your standard, everyday African billionaire mindset.
Most of our politically connected elites are perfectly content playing short term, low risk games like currency arbitrage, mineral extraction, and high margin trading.
To scale massive, complex industries inside highly unpredictable regulatory environments takes a very unique and stubborn type of industrial vision.
Until our ruling classes and their preferred business syndicates prioritize heavy domestic infrastructure over easy consumption, the structural deficit remains unchanged. https://t.co/9CgOnkULcu
@elonmusk. We have a civil society group in South Africa OUTA (Oganisation Undoing Tax Abuse) doing excellent work addressing corruption. They've an issue with META/Facebook. I was wondering whether you could assist by reaching out to Mark Zukerberg to address the matter.
@RenaldoGouws They should be reminded what arrogance did to Multisource (DSTV) which did not listen to their Premium package subscribers. Being windgat comes at a price with definite consequences.
🇿🇦When will our politicians (shame) grow up beyond their pitiful, school-playground level infighting and party-first, blinkered loyalty - to focus instead on the business of government and the economic resilience of our country, its municipalities and people?!🇿🇦