Dear Mister Minister, our top budgeting tips for keeping cash flowing in our economy
Over the years your predecessors have consistently increased the pressure on high net worth individuals in their annual budgets. Currently the top 2% of earners account for between 25% and 35% of South Africa’s total revenue. We understand government’s objectives to address the substantial disparities of equality in our society. However, we must reiterate the often-made comments that by over burdening the tax base there is the risk of disincentivising South Africans to earn income, or to earn it in South Africa.