Flash Briefing: SA tax crunch as high-income earners emigrate; SANDF in Covid scandal; Massmart; Bitcoin
As Finance minister Tito Mboweni gets set to present the budget this week, analysts have warned that South Africa’s loss of skilled and high earners could limit room to raise income taxes as the Treasury seeks to plug a budget shortfall that’s above wartime levels, says Bloomberg. A (fourth-quarter estate agent) survey by FirstRand’s First National Bank shows more than fifth of all houses valued at R2.6m ($176,939) or more that were put on the market by the end of last year was because people were planning to emigrate. This could further erode the tax base in a country where fewer than 14 million individuals in a working-age population of 39 million are registered taxpayers and where those earning more than R1m a year pay 40.2% of all personal income levies.
MDC Matabeleland South legislator Priscilla Misihairabwi-Mushonga
THE Zimbabwe Schools Examination Council (Zimsec) could face contempt charges after allegedly refusing to make presentations or respond to issues raised by the Primary and Secondary Parliamentary Portfolio Committee.
Committee chair Priscilla Misihairabwi-Mushonga reported the matter to Speaker Jacob Mudenda this week.
According to the proportional representative MP, Zimsec, a parastatal, had on several occasions, ignored the committee requests and any other engagements.
“Mr. Speaker Sir, about a month ago when I was presenting on behalf of the Committee on Primary and Secondary Education Report to this House, I raised an issue of concern and that issue was that Zimsec which is a parastatal where we have asked as a Committee to have them make presentations to us, have constantly refused to do so and have come back to us and asked to engage it, the Director of Zimsec has constantly refused to do so.
By Anna Chibamu
THE Zimbabwe Schools Examination Council (Zimsec) could face contempt charges after allegedly refusing to make presentations or respond to issues raised by the Primary and Secondary Parliamentary Portfolio Committee.
Committee chair Priscilla Misihairabwi-Mushonga reported the matter to Speaker Jacob Mudenda this week.
According to the proportional representative MP, Zimsec, a parastatal, had on several occasions, ignored the committee requests and any other engagements.
“Mr. Speaker Sir, about a month ago when I was presenting on behalf of the Committee on Primary and Secondary Education Report to this House, I raised an issue of concern and that issue was that Zimsec which is a parastatal where we have asked as a Committee to have them make presentations to us, have constantly refused to do so and have come back to us and asked to engage it, the Director of Zimsec has constantly refused to do so.
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Sponsored by 18th February 2021
We were part of a group within the ANC that used to spend late nights debating how the organisation could be fixed, how we could play our role in the legislature to hold unethical leaders to account.
By Staff Reporter
CHAIRPERSON of the Parliamentary Portfolio Committee on Health Ruth Labode has called for an immediate end to the lockdown arguing any further restrictions would result in the crumbling of an already battered economy.
The government imposed Covid-19 restrictions six weeks ago, which saw most informal traders and non-essential close while only 10% of government employees are now reporting for work.
However, Labode said since the government had announced the Covid-19 vaccine would be rolled out soon, and in view of declining cases, it made economic sense to start easing the restrictions imposed last month at the onset of the second wave.