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There is no doubt that the global financial crisis had a significant impact on the public. In fact, it is a subject I have often harped on about. But are we really aware of the effects that the crisis had on our lives? Are we fully prepared for an unfortunate event, such as death or disability which could have a devastating effect on families and dependants?
While there have been many reports in the media outlining the need for the South African Government to increase the capacity of the South African Revenue Services in order for it to increase its level of tax collection, the pressure which it is placing on SARS to reach a certain quota in terms of this collection is placing the company in a position where it is isolating itself from the tax payer, causing an untenable situation which is fast becoming unsustainable.
Africa has always been regarded as a continent that has the potential to offer significant growth opportunities. However, this comes with a certain amount of risk as the country is still largely regarded as an unknown. This is driven by issues such as bribery, corruption and onerous regulation.
One cannot help but feel sorry for the South African consumer. Not only do we face the challenge of high petrol prices, a workforce that sits the whole year eagerly anticipating strike season and paying exorbitant prices for imported goods because of high import taxes, now Gauteng residents are being bullied into paying e-toll taxes, as well.
Would you willingly give up your medical scheme membership under a fully implemented NHI?