Gwede Mantashe tasked with SAVING South Africa? | ANC is attempting to fix the ECONOMY – HOW?!

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Summary:

In today’s episode, we cover a number of significant news updates. We start with the Human Rights Commission’s surprising decision to take the ‘Nota’ case to the Equality Court after public complaints about his anti-white remarks. The desired outcomes include a public apology, diversity training, and a monetary fine. Next, we delve into what the ‘budget that never was’ would have entailed—expenditures on the NHI, grants, and public sector salary increases—highlighting South Africa’s problematic fiscal multiplier. We also discuss the alarming fact that 1.5% of South Africans pay 61% of all income tax and the hidden racial profiles in tax documentation. The proposed VAT increase and its implications for funding the basic income grant are examined, along with the country’s potential removal from the money laundering grey list. Finally, we explore the long-term issues like the broken energy grid, high unemployment, and the challenges in privatization due to red tape and BEE requirements. Tune in to hear more about these issues and my thoughts on the current state of South Africa.

Chapters:

00:00 Introduction and Overview
00:07 Case of Notta: Human Rights Commission’s Action
01:13 South Africa’s Budget and Fiscal Multiplier
02:52 Taxation and Income Inequality
03:36 VAT Increase and Basic Income Grant
04:44 Money Laundering Grey List Update
06:13 Challenges in Privatization and Energy Sector
07:47 Conclusion and Final Thoughts

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