Month: March 2019

ECONOMIC GROWTH/ANTI-GROWTH FACTORS

The Crusaders, Malema, the Wit Wolf & the Tempe killings: consent to smoke in a dynamite factory?

Johannes Wessels
@johannesEOSA1

Is South Africa trying its best to prompt a South African version of the horrendous Christchurch massacre or an upscale repeat of the callous Wit Wolf killings in Pretoria or those by Sibusiso Madubela at the Tempe Military base in Bloemfontein?   

This week’s xenophobic attacks on foreigners in Durban and the verdict by the Human Rights Commission exonerating Julius Malema from hate speech may in future be described as significant road signs pointing towards tragedies in waiting.

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Company tax, Competitiveness, ECONOMIC GROWTH/ANTI-GROWTH FACTORS, Enterprise friendly environment, Enterprise profitability, Expropriation without compensation, Financial services, Large enterprises, Medium sized enterprises, Small and medium enterprises (SMEs)

SA enterprise sector critically ill

Johannes Wessels

@johannesEOSA1

The formal South African Enterprise Sector is critically ill. Were the company tax returns of the 768 000 companies combined and submitted as that of a single entity (say SA Amalgamated (Pty) Ltd) there would not have been any Company Income Tax (CIT) payable to SARS for three consecutive tax years.

SARS data on Company Income Tax (CIT) confirms the private sector is in a dismal state. In the tax years 2014 – 2016 assessed joint losses of all companies surpassed joint taxable income by R445 billion.

SARS data on CIT from 2007 to 2016 on assessed CIT returns bring the following to the fore (see Figure 1 below):

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ECONOMIC GROWTH/ANTI-GROWTH FACTORS

Guarantees for Eskom & SAA… some lessons from Zimbabwe

This video explains Economics by the State quite well.