@MrEvansjethro what don't I understand? Pay 42% plus vat plus rates and taxes, and get little for it. Politicians and their placed cadres have stolen everything they collect, borrowers more and stolen that.
@@sakhile789 well someone likes to delete my posts. . The work of government should not be confused by the looting and incompetence of government, and the unending spending of unfunded social programes that create a dependent, unemployable youth, and is anti business. You seem to not understand where goverment gets its money from. It's either take from citizens or borrowed from banks. Governments do not create jobs or revenue
I would too if I were a millionaire. What the point of paying tax when the service aren't being delivered? I would rather pay tax in a foreigner country as long as services are delivered to tax payers. We are paying for the likes of Edwin Sodi to live large.
I think the rich are more concerned about the fact that in South African tax tables they can have up to half their entire income taken from them as tax. They wouldn't care what is being done with tax money if they didn't have half their bank balance grabbed by the state.
I left SA in March 2024 for New Zealand. I was paying R500 000 in tax a year. I got absolutely no value for that money or any value since I started paying tax in 2009. Now I pay less tax and finally see something for the money I earn. A tax system should benifit everyone. That way it encourages everyone to contribute.
You forgot to mention that you also lost your soul in the process of that whole change from SA to NZ you were born in SA because you are needed in SA God is not stupid. You talk of SAs problems why aren't you part of the solution? Are you a coward maybe?
They will never understand this these ones. As long as there's still some money coming in for them to take, they will continue. They will steal the very last penny in the till if they must.
The answer is very simple.....people are sick and tired of paying taxes that are not being spent on improving infrastructure and the lives of the disadvantaged, but rather to enrich the thieving Politicians !!!!!!
I'm trying to end my tax residency, but SARS appears to be highly incompetent. They are sitting over 2 years of my requrest to end my tax residency, with no feedback. I think they are trying to embezzel my pension fund to pay some cadre a sign-up bonus.
I too can't wait to leave this brutal tax regime. As youth in this country, I feel like a financial slave SARS is a bottomless pit. Imagine having to pay for private education, security, medical aid for the same services you are being overly taxed for. Our generation of youth is the most neglected and abused. I honestly won't think twice to jump ship.
They will never learn If I had millions I'm leaving . Why pay tax if it's not used for improving the country and being used for corrupt individuals in government and supporting their extravagant lifestyles
Hard work in corporate is not appreciated in South Africa, one has to know someone, backstab someone, and be non-threatening to their less competent boss to move up whereas overseas you are rewarded for your efforts
And why do think people are immigrating? Why do you think we have this massive brain drain? And therefore the loss of tax in the country. It doesn't take much to figure it out, does it🤨
@@Filixhandikoshiwefeyara I'm not trying to educate anyone. If you're referring to the multiplyer effect, it's simply a matter of skilled people transferring those skills (hopefully to a cohort), and/or leveraging their skills to create job opportunitites and improve efficiencies, through establishment of businesses/organizations. At the end of the day, more jobs in SA (or anywhere else) goes hand in hand with being competative. Even at current levels of employment, SA is rarely competative.
@@Filixhandikoshiwefeyara I'm not sure I understand the question. Skills are skills, whether among foreigners or locals, and the loss of those skills are a loss to everyoney, as I hope to have explained to some extent above.
The South African government's arrogance and decision to implement an expatriate tax demonstrates poor foresight and economic understanding. This policy has forced many South African citizens living abroad, including myself, to formally terminate their tax residency and relocate their assets overseas. Where I once regularly invested millions back into South Africa, I've now ceased all financial contributions. This shortsighted tax policy has resulted in significant capital flight, depriving the country of valuable foreign investment and economic growth opportunities. The government's attempt to generate additional tax revenue has ironically led to a substantial loss of foreign capital inflow.
@@andresmit9949 baas, master, superior, boss. If you cannot acknowledge the crime's of the past, the disadvantage it caused, the subhuman conditions, the way it cut the majority from participating in the economy, the exclusion, than AirHole you need serious help! Isn't it better to have the majority contributing to the country? If you don't like things please catch a plane to oppression heaven,where you are free to be the baas, plantation owner and master
The biggest challenge is this man calling me a European. Yes I am white but I am a white African. My son lives a better life overseas, as he was told he cannot get work here as he was to white and male. He has a degree and would be an asset to his mother country. But again he is to white and male. Until we overcome racial prejudice we will not develop as a nation. The meaning of racism 'prejudice, discrimination, or antagonism by an individual, community, or institution against a person or people on the basis of their membership of a particular racial or ethnic group, typically one that is a minority or marginalized.'
Bad governance, mismanagement, misuse and theft of the taxpayer's money, corruption and lawlessness are the main reason. I'm glad I don't have to pay SA taxes, yippee!!!
More will leave now that they talking about wealth tax, why should you pay tax when you have to find work elsewhere. The government is short sited instead of adding to the gdp, people working outside SA rather take their families out the country because the tax is too much to pay. Now their kids don't go to school, no gym contracts, no garden service, no eating out, all these jobs that are lost because of financial immigration.
Given that the majority of cabinet ministers are ill equipped to handle even the most basic menial lowly paid jobs I'm afraid to say that Zimbabwe 2.0.beckons. One just has to listen to them; that's if you are able, to see just how incompetent and inept most are.
The tax payers are leaving...The none tax payers are entering South Africa illegally.....South Africa is now attracting foreign street vendors & barbers as far as Pakistan .
Tax is not used properly in SA. Look at Eskom , the state of our govenrment hospitals, the crime rate, the mismanagement of water , inefficiency of the police force and so on.
@mr.blackzonrackz7055 my guy, we can connect and set you up into a business if you wish. South Africa makes it easier for south Africans to do business here than for outsiders. Your economic participation and competitiveness will see the foreign ones closing. This is your home ground. You are supposed to be playing and winning.. Problem is some locals complain and do not try to play. I am here as a foreign business operator and am keen to partner up with serious people who are willing to sacrifice. Everything that works needs risking and sacrificing
That 38000 doesnt even generate their income from South Africa anyway. Because if that income was generated here it will be taxed here. This is not just your ordinary tax payers, these are high net worth people.
There is nothing debilitating me like this incapacity if SARD to enforce tax collection to soo many businesses of the assulum seekers who have sooo many businesses but not payng tax( evading by not registering as there are no inspectors visiting sites or CIPC is not working in collaboration with SARS😢...everone is a manufacturer: furniture, tanks, steel works, wraughtman,tilling companies,waterproffing, painting,builders, plumbers,electricians, refrigerator repairs, machines repairs, motor industries,freight services- goods....look at the trucks- buses interborders...in short- artisans, technicians,etc....lots if money laundering
Create an economic environment productive Economy for economic growth, jobs creation, safety and security, service delivery , functioning infrastructure, functioning State , rule of law... but ANC has policies based on skin colours and other populist Communist agendas.
And in a generation it will be less than 0.5 percent of the population who pays the majority of the taxes. It’s totally unsustainable. The Super wealthy will either leave or they will split up the most profitable regions into smaller nations.
This guest is clueless. SA applies the source-based system. Meaning, so long you are a resident you’ll be taxed on your worldwide income. Annually there’s a residents test and if you fail it then you are no longer a resident therefore you can’t be taxed on your worldwide income. They must get competent people as guests on these news rooms
I'm shocked by the misleading information he is spreading, he reminds me of the fake economist Eugen Nyathi, these guests must be vetted by the media houses.
I'm shocked by the misleading information he is spreading, he reminds me of the fake economist Eugen Nyathi, these guests must be vetted by the media houses.
Government has the capacity to reduce the security and stability issues as well. Remember, most of the people moving abroad are over 35s who are fathers and mothers too, so this impacts on future population growth.
Just stationary use by government guess how Much? 3 Mil. Yes. Now. Why is it always politicians all over the world ending up richer than the citizens? Greed
He has no clue of history. He said that Germany implemented some policy in 1933. To those who don't know history, there was a certain moustached angry man leading Germany to war at the time. What BS is the selling.
@KatRSA I see you are a R370. 34 years has passed. You are obviously the eternal victim. You live in the past. I will work in the present and never forget the past.
I am in Europe and would love to come back but the issue of D&I prevents this as jobs are next to impossible to be if you are not black african or white Female. Prior to leaving, the culture was you are stuck in a position until you leave, its the same now in sour africa if not worse. Its so sad that i grew up and studied in south africa and am not able to contribute tongue economy and yet i am doing so in europe with them never investing my education. Racial policies in the work place was taken too far witht the backdrop of government requirements. Big Corporates are part of the blame here
Proudly South African here, Oh I just have to say that this is music to my ears, I wish more people will move into the direction of moving their tax residency. By 2030 they'll be trying to tax us even for farting...
I also leave SA. I sold my bussiness to BEE goverment sponsered genuis. They closed downed within 6 months. 80 people without jobs! 😂😂😂 Now they cry and beg me to re open. Enjoy your Zim.2.0
They punish you for being Rich, and even more they punish you for making for than 500 but less than 1m and if your making more than 1m there are loop holes.
My fellow South African taxpayers are 31 years late - they should have moved their assets on the eve of New South Africa and it's cookie jar accounting
This is what happens when you get nothing for your money.
People don't mind paying when the money isn't stolen.
Towns and cities have collapsed.
You probably are clueless about how tax work.
@MrEvansjethro what don't I understand?
Pay 42% plus vat plus rates and taxes, and get little for it.
Politicians and their placed cadres have stolen everything they collect, borrowers more and stolen that.
*add also clueless about the work of government 😅
@@sakhile789 What work of government, when government workers think you owe them for doing their job?
@@sakhile789 well someone likes to delete my posts. .
The work of government should not be confused by the looting and incompetence of government, and the unending spending of unfunded social programes that create a dependent, unemployable youth, and is anti business.
You seem to not understand where goverment gets its money from.
It's either take from citizens or borrowed from banks. Governments do not create jobs or revenue
ANC did not listen to this important tax base...arrogance has led to this exodus
😂maybe tired of getting nothing back for their taxes
@@bigd5745 😅
I would too if I were a millionaire. What the point of paying tax when the service aren't being delivered? I would rather pay tax in a foreigner country as long as services are delivered to tax payers. We are paying for the likes of Edwin Sodi to live large.
I think the rich are more concerned about the fact that in South African tax tables they can have up to half their entire income taken from them as tax. They wouldn't care what is being done with tax money if they didn't have half their bank balance grabbed by the state.
I left SA in March 2024 for New Zealand. I was paying R500 000 in tax a year. I got absolutely no value for that money or any value since I started paying tax in 2009. Now I pay less tax and finally see something for the money I earn. A tax system should benifit everyone. That way it encourages everyone to contribute.
You forgot to mention that you also lost your soul in the process of that whole change from SA to NZ you were born in SA because you are needed in SA God is not stupid. You talk of SAs problems why aren't you part of the solution? Are you a coward maybe?
NZ has a tax agreement with SA. I think if you work in NZ ( as a non permanent resident / citizen ) some tax money goes to SA.
No. You pay tax based on the country you reside in, not based on your citizenship.
@@ArcanZAbullshit
Corruption! Corruption! Corruption!
will they ever learn 😏
Do you really want to know the answer?
@TheJuryIsOut 😂😂
Land! banks! SOE's!
Will they ever return 🥴
Never
People are moving because they are tired of this country and corruption everything is out of order...
Sad
Bad corrupt governance leads to money and investment flight. The cadres are taking a long time to understand this.
Cadres dont have a braincell to realise. The leeson will not be learnt 😂😂stupidity has its own rewards.
30 Years 👀
They will never understand this these ones. As long as there's still some money coming in for them to take, they will continue. They will steal the very last penny in the till if they must.
Guptas jumped the ship long time ago with billions of taxpayers to date they're not arrested.
@@NoluJezile 😅
Well done to them. 👏🏽👏🏽👏🏽
Lol! All the real brains in this country have already left. Sometimes i wish this country would wake up
Mandela said during his interview in Botswana "those who wants to go let them go "he has already seen that his government was everyone for himself
Even with this GNU government SA will always be SA...no changes
Cause t'is is AfricA!
Agree...I can see that in the comments section !!!
DomDoos !!!
So, is who are still here are fake brains?
The answer is very simple.....people are sick and tired of paying taxes that are not being spent on improving infrastructure and the lives of the disadvantaged, but rather to enrich the thieving Politicians !!!!!!
No one should pay tax!
Kak praat nie !!!
How did your one braincell figured that out???
DomDoos !!!
Thanks to the useless ANC
Good for them.
A well and correctly run country will need a very small tax base, and that is exactly what ALL Governments do NOT want.
CORRUPTION!!! 😢
It's really not difficult to ascertain why they are leaving South Africa and ending their tax residencies 😂😂😂
Corruption is what is costing us ANC is Corrupt
But you still vote ANC😅😅😅
I'm trying to end my tax residency, but SARS appears to be highly incompetent. They are sitting over 2 years of my requrest to end my tax residency, with no feedback. I think they are trying to embezzel my pension fund to pay some cadre a sign-up bonus.
You could always compel them through a court order.
My financial emigration process took nearly two years as well, but once my tax agent filed a formal complaint, it was resolved very quickly.
I too can't wait to leave this brutal tax regime. As youth in this country, I feel like a financial slave
SARS is a bottomless pit. Imagine having to pay for private education, security, medical aid for the same services you are being overly taxed for. Our generation of youth is the most neglected and abused. I honestly won't think twice to jump ship.
They will never learn
If I had millions I'm leaving . Why pay tax if it's not used for improving the country and being used for corrupt individuals in government and supporting their extravagant lifestyles
Would do the same - big opportunity missed while the going was good.
Hard work in corporate is not appreciated in South Africa, one has to know someone, backstab someone, and be non-threatening to their less competent boss to move up whereas overseas you are rewarded for your efforts
The tax in this country is just crazy 🤞
Try Canada, then you'd learn that perhaps you may be crazy.
@MrEvansjethro lol 😆 easy social media hero
The Nats charged 50%....
try sweden then come back and tell us
@@MrEvansjethrostop lying,check your figures
And why do think people are immigrating? Why do you think we have this massive brain drain? And therefore the loss of tax in the country. It doesn't take much to figure it out, does it🤨
The loss of skills is at least as damaging as the financial loss. That is where the multiplier effect occurs.
Thank you. Kindly edit and add more information to educate the masses.
Most of us are grade 10's
@@Filixhandikoshiwefeyara I'm not trying to educate anyone. If you're referring to the multiplyer effect, it's simply a matter of skilled people transferring those skills (hopefully to a cohort), and/or leveraging their skills to create job opportunitites and improve efficiencies, through establishment of businesses/organizations.
At the end of the day, more jobs in SA (or anywhere else) goes hand in hand with being competative. Even at current levels of employment, SA is rarely competative.
@wernerstapela4616 you have educated.
So should foreigners go.
I ask you. Not everyone
@@Filixhandikoshiwefeyara I'm not sure I understand the question. Skills are skills, whether among foreigners or locals, and the loss of those skills are a loss to everyoney, as I hope to have explained to some extent above.
@@wernerstapela4616 excellent
The anc is to blame, Land without compensation, Bela Bill, NHI and list list goes on
The South African government's arrogance and decision to implement an expatriate tax demonstrates poor foresight and economic understanding. This policy has forced many South African citizens living abroad, including myself, to formally terminate their tax residency and relocate their assets overseas. Where I once regularly invested millions back into South Africa, I've now ceased all financial contributions. This shortsighted tax policy has resulted in significant capital flight, depriving the country of valuable foreign investment and economic growth opportunities. The government's attempt to generate additional tax revenue has ironically led to a substantial loss of foreign capital inflow.
Why is he skirting the reason they are leaving. It’s obvious even to the ordinary layman. They do not feel secure
We cannot find employment in South Africa because of bee
We didn't have jobs during apartheid so what's your point?
@KatRSA the tax part arshall
@@andresmit9949 baas, master, superior, boss. If you cannot acknowledge the crime's of the past, the disadvantage it caused, the subhuman conditions, the way it cut the majority from participating in the economy, the exclusion, than AirHole you need serious help! Isn't it better to have the majority contributing to the country? If you don't like things please catch a plane to oppression heaven,where you are free to be the baas, plantation owner and master
@@KatRSAduring apartheid the taxes built homes and schools for you and many of the roads and cities
@@KatRSAthat is why we voted ‘yes’. So that everyone has a fair chance. Should we have not? Ignorant fool.
The biggest challenge is this man calling me a European. Yes I am white but I am a white African. My son lives a better life overseas, as he was told he cannot get work here as he was to white and male. He has a degree and would be an asset to his mother country. But again he is to white and male. Until we overcome racial prejudice we will not develop as a nation. The meaning of racism 'prejudice, discrimination, or antagonism by an individual, community, or institution against a person or people on the basis of their membership of a particular racial or ethnic group, typically one that is a minority or marginalized.'
Fortunately he is white in other countries, doubt if i will get a job overseas with my degrees and skin color
There is far more unemployment in other races many who also have degrees.
Cry me a river.😂
When did you change from European because that's what you called yourself during apartheid? so this gentlemen is not lying.
More people who are unemployed in South Africa are black, white unemployed graduates are just a drop in an ocean.
Bad governance, mismanagement, misuse and theft of the taxpayer's money, corruption and lawlessness are the main reason. I'm glad I don't have to pay SA taxes, yippee!!!
Good for them...and a big welldone to them 👏
Soon I will be one of those people
More will leave now that they talking about wealth tax, why should you pay tax when you have to find work elsewhere. The government is short sited instead of adding to the gdp, people working outside SA rather take their families out the country because the tax is too much to pay. Now their kids don't go to school, no gym contracts, no garden service, no eating out, all these jobs that are lost because of financial immigration.
Then the remaining residents get all sorts of new taxes to fill the gaps... Time to bail
I don't blame them.
Very good financial man well said sir
Given that the majority of cabinet ministers are ill equipped to handle even the most basic menial lowly paid jobs I'm afraid to say that Zimbabwe 2.0.beckons.
One just has to listen to them; that's if you are able, to see just how incompetent and inept most are.
The tax payers are leaving...The none tax payers are entering South Africa illegally.....South Africa is now attracting foreign street vendors & barbers as far as Pakistan .
I work for a US Company, I should also move my tax residence
I left 2005 South Africa.... corruption... corruption
Tax is not used properly in SA. Look at Eskom , the state of our govenrment hospitals, the crime rate, the mismanagement of water , inefficiency of the police force and so on.
Good News! If only they collected the R5m from all the spaza shops and salons owned by foreigners in the country needed to set up a business here!
R5 million is a lot.
Spaza Shop and Saloons do not have such.
@Filixhandikoshiwefeyara then they shouldn't be open and be left for people for SAns to run them, they did before
@mr.blackzonrackz7055 my guy, we can connect and set you up into a business if you wish. South Africa makes it easier for south Africans to do business here than for outsiders.
Your economic participation and competitiveness will see the foreign ones closing.
This is your home ground. You are supposed to be playing and winning..
Problem is some locals complain and do not try to play.
I am here as a foreign business operator and am keen to partner up with serious people who are willing to sacrifice. Everything that works needs risking and sacrificing
@@mr.blackzonrackz7055 unfortunately our government doesn't take us serious and thinks we are fools but than again we are fools for supporting them
@@Filixhandikoshiwefeyara law of the country. If you are a foreigner and want to do business in the country, you must have R5m
Socialism instead of capitalism. Now the chickens are coming home to roost.
Exorbitant taxes of South Africa are the problem.
I should have left in 2005, as a believer in positive mentality i have lost my positive mentality along the line.
Blame it on corruption
You mean anc
Guess what? There's going to be more and more!
Now they will increase middle class taxes whilst a lot are losing jobs n we are not concerned.
That 38000 doesnt even generate their income from South Africa anyway.
Because if that income was generated here it will be taxed here.
This is not just your ordinary tax payers, these are high net worth people.
Can we claim for paying private school? For security guards in estates? We pay for all these because government systems dont work
@@monde1250 - we are screwd
Corruption
They know something we dont know
There is nothing debilitating me like this incapacity if SARD to enforce tax collection to soo many businesses of the assulum seekers who have sooo many businesses but not payng tax( evading by not registering as there are no inspectors visiting sites or CIPC is not working in collaboration with SARS😢...everone is a manufacturer: furniture, tanks, steel works, wraughtman,tilling companies,waterproffing, painting,builders, plumbers,electricians, refrigerator repairs, machines repairs, motor industries,freight services- goods....look at the trucks- buses interborders...in short- artisans, technicians,etc....lots if money laundering
How can you have yr money stolen & be subjected to pay tax😮
Singapore Has done more with less.
Create an economic environment productive Economy for economic growth, jobs creation, safety and security, service delivery , functioning infrastructure, functioning State , rule of law... but ANC has policies based on skin colours and other populist Communist agendas.
The politicians offer a nothing burger
Less money for these thieves.
It is not paying Pretoria it is paying South Africa!
Stop the grants for votes and stop taxing us for their laziness we rather pack up and pay tax in another country we're we can see where our taxes goes
Ya y'all must voetsek😂
There is something wrong with government. Difficult to assess? Really?
The problem in SA is not 'IMF policies, it's ANC policies, incompetence and corruption!!!
Keep pushing BEE and other anti policies. Clever CR. Wealthy people have options and they will simply move.
Very insightful interview
3b for 38k tax payers? Wild
1.4% of the population pay 58% of the tax
And in a generation it will be less than 0.5 percent of the population who pays the majority of the taxes. It’s totally unsustainable. The Super wealthy will either leave or they will split up the most profitable regions into smaller nations.
High earners
They are gone now.
“Lessen the taxes” 👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻 He understands 👍🏻
Malema should be happy to see the white monopoly capital go….bet his is gone long time ago. Wonder how much tax he pays 🤔
❤❤❤We are very h😂😂appy
They're NEVER coming back! Thank the ANC.
I had no SA income for 9 years thus I was paying tax elsewhere not SA
This guest is clueless. SA applies the source-based system. Meaning, so long you are a resident you’ll be taxed on your worldwide income. Annually there’s a residents test and if you fail it then you are no longer a resident therefore you can’t be taxed on your worldwide income. They must get competent people as guests on these news rooms
Like wtf is this guy on about!!!!!!! We learnt this in bloody high school, and he is the specialist 😂😂😂😂
I am shocked that he’s on national tv
I'm shocked by the misleading information he is spreading, he reminds me of the fake economist Eugen Nyathi, these guests must be vetted by the media houses.
I'm shocked by the misleading information he is spreading, he reminds me of the fake economist Eugen Nyathi, these guests must be vetted by the media houses.
Government has the capacity to reduce the security and stability issues as well. Remember, most of the people moving abroad are over 35s who are fathers and mothers too, so this impacts on future population growth.
You have sense
Gayton told them abahambe🙈
Sorry l just couldn’t resist
Just stationary use by government guess how Much? 3 Mil. Yes. Now. Why is it always politicians all over the world ending up richer than the citizens? Greed
ZA's GDP grew by only 0,3 % in Q4,Elon Musk's net worth is now bigger than that of his birth country ,how so?
This guest is not South African.
This guy is clueless on the Income Tax Axt. He has no clue on tax residence
Tax mast stop
He has no clue of history. He said that Germany implemented some policy in 1933. To those who don't know history, there was a certain moustached angry man leading Germany to war at the time. What BS is the selling.
Get the tax from ANC, MK and EFF supporters now !
Tax the companies and people that benefitted from the oppression that happened to the majority
@KatRSA I see you are a R370. 34 years has passed. You are obviously the eternal victim. You live in the past. I will work in the present and never forget the past.
I am in Europe and would love to come back but the issue of D&I prevents this as jobs are next to impossible to be if you are not black african or white Female. Prior to leaving, the culture was you are stuck in a position until you leave, its the same now in sour africa if not worse. Its so sad that i grew up and studied in south africa and am not able to contribute tongue economy and yet i am doing so in europe with them never investing my education. Racial policies in the work place was taken too far witht the backdrop of government requirements. Big Corporates are part of the blame here
BEE / A A laws are not going to get that tax money back for SA. Some skills cannot be replaced
Proudly South African here, Oh I just have to say that this is music to my ears, I wish more people will move into the direction of moving their tax residency. By 2030 they'll be trying to tax us even for farting...
@@onkerudah5619 😅
Well what do you expect???
This man is dismissing that this is a problem. He must be living in another country
Billions a lot of money yet people are struggling
I can answer.
Have a look at the mismanagement and looting and bingo!!!!
Law abiding, high income earners are tired of paying massive taxes to a government that despises them.
I also leave SA. I sold my bussiness to BEE goverment sponsered genuis. They closed downed within 6 months. 80 people without jobs! 😂😂😂
Now they cry and beg me to re open.
Enjoy your Zim.2.0
@@cliffardgerber3830 😅
From New Dawn to New Dusk
Good. I would do the same if I become a billionaire.
Based
Prefokkensies!!!! Kry vir julle.
I’m surprised we have 1700 billionaires in SA
I'm sure they mean those that earn over 1 million in a tax year.
@@veronical182R1mill/year is fokol!!!
DomDoos !!!
Simple BEE
And the number of SASSA grants grows and grows and grows.
Its good thing.
Moved to Burkina Faso. Very low tax rates
They punish you for being Rich, and even more they punish you for making for than 500 but less than 1m and if your making more than 1m there are loop holes.
Is why we leave😂,the country will fall soon
My fellow South African taxpayers are 31 years late - they should have moved their assets on the eve of New South Africa and it's cookie jar accounting