The poor economic conditions, unemployment, little foreign interest, the power-hungry land grab program, Eskom and other entities’ financial inability are all reasons why the country is in a pinch. Moody’s has pointed out to the regime that it will have to increase taxes to repair the mess at Eskom, which experts say is the first step in a series of tax increases.
With the SABC, Denel, SAA, Eskom, and several other entities failing to be a profitable industry as it was years ago, the regime is now pushing to raise taxes.
The poor decision to launch a National Health Insurance Plan while the country is in junk status is considered to be one of the stupidest decisions the Ramaphosa regime has yet made, which will also lead to astronomical increases in taxes.
The moving out of professionals such as doctors, nurses, lawyers and others is the strongest indication that the country is heading for an enormous crisis that cannot be reversed.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News