Tag: foreign exchange control
Why does SA insist on maintaining destructive foreign exchange controls?
A generally weakening Rand and mounting inflationary pressures have meant that the South African Reserve Bank (SARB) has once again raised interest rates - to the distinct detriment of the weakest members of our society.
The mythical value of foreign exchange controls
The trouble with forex controls is that they are far more effective at keeping money 'out' than at keeping it 'in'. Almost every historical case shows that forex controls were conceived in shamed and weakened circumstances. In every case they have ultimately proven to be unalloyed failures.
Tax comments on the 2020 Budget
Given the worsening economic realities still facing the Minister of Finance this year, it came as a pleasant surprise that he provided 5.2% adjustments to the individual tax brackets and rebates, resulting in real personal income tax relief for the already stretched individual taxpayers.
Budget 2020: High Noon – ratings and bailouts
Budget statements have in recent years perennially made downward revisions in economic growth projections. Disappointing growth outcomes compared to official forecasts is partly attributed to the inability to implement planned structural reforms that would have delivered improved growth outcomes.
