UNEMPLOYMENT RATE: REMAINS STUBBORNLY HIGH AT 31.9%, HIGHLIGHTS URGENT NEED FOR A SOCIAL SAFETY NET

Of the 41,6 million people of working age in South Africa (15 – 64 years old). 8 million South Africans are unemployed, a further 3.5 million are discouraged work seekers and 13 million are not economically active. This leaves 24,5 million South Africans with no income to support their families.

Continue ReadingUNEMPLOYMENT RATE: REMAINS STUBBORNLY HIGH AT 31.9%, HIGHLIGHTS URGENT NEED FOR A SOCIAL SAFETY NET

BUDGET 2025/26: IF TAX HIKES UNAVOIDABLE, ONCE-OFF WEALTH TAX MAY FOOT THE BILL

South Africa’s economy is at a crossroads: There’s a shortage of revenue, little room to increase already steep income and company tax without pushing the middle class over the edge, and a crisis of poverty that if left unaddressed threatens the sustainability of the constitutional democracy.

Continue ReadingBUDGET 2025/26: IF TAX HIKES UNAVOIDABLE, ONCE-OFF WEALTH TAX MAY FOOT THE BILL