Tag: poverty alleviation

Parliament has been warned of the risk of billions of Rands of capital investment leaving the country unless local investment incentives like those under Section 12J of the Income Tax Act are permitted to continue. Our presentation was made during the Select Committee of Finance’s public hearings on the TLAB, TALAB and Rates Bills.

It is a reality of human nature that across all cultures all people perpetually strive to make improvements in their socioeconomic circumstances. A dream that all human beings strive to achieve. An opportunity to eradicate poverty and can come in a form of a job, education or even becoming a home-owner after an awfully long wait.

South Africa needs an extraordinary plan and a huge amount of political will to dig itself out of the proverbial hole we find ourselves. The ANC’s discussion document ‘Reconstruction, growth and transformation: building a new inclusive economy’, is not such a plan.

Poverty isn’t always a jumble of appalling statistics. Sometimes there are names, faces and stories to the numbers. It’s a cousin who’s finished high school but doesn’t have enough money to job hunt. It’s a colleague whose hand to mouth living still only gets her through half the month because her salary is just not enough.

Further to the fiscal package as outlined by President Cyril Ramaphosa in his speech on the Escalation of Measures to Combat COVID-19, the Minister of Finance has announced on 29 March 2020 certain exceptional tax measures to be implemented.