Budget 2019

[BeerIsNotGood...]

If it's legal there is no reason for criminals to want to take it as it's value would be greatly diminished. This has been proven in studies around the world.

Anyway, this brings me back to my point that they're focusing on the wrong plant, they should turn the eastern cape into the biggest hemp plantation on the planet.

Mr bright spark doesn't get this unfortunately..

 

[BBSA]

I read somewhere that we are borrowing R1.2bil a day and paying interest at R1bil a day ... if that is true, we are in for some major hurt in a few years when we have to implement austerity measures just to pay interest on the funds borrowed

We will be talking to the IMF within a few years.

 

[Unhappy1]

If it's legal there is no reason for criminals to want to take it as it's value would be greatly diminished. This has been proven in studies around the world.

Anyway, this brings me back to my point is they're focusing on the wrong plant, they should turn the eastern cape into the biggest hemp plantation on the planet.

It will diminish but not greatly and its price per kg will still be higher than traditional crops, US growers have a big issue with criminals and South African growers will likely face even bigger issues.

 

[konfab]

If it's legal there is no reason for criminals to want to take it as it's value would be greatly diminished. This has been proven in studies around the world.

Anyway, this brings me back to my point that they're focusing on the wrong plant, they should turn the eastern cape into the biggest hemp plantation on the planet.

"They" shouldn't be touching anything when it comes to the economy as "they" cannot even supply reliable electricity or water.

Sure, if there is a demand for industrial hemp in the free market, farmers in the Eastern Cape would be wise to cash in on it. But I wouldn't give an ounce of economic power to our wise economic overlords in the ANC.

 

[Unhappy1]

And what do you think drives the monetary value of a product?

Supply as well as demand, its still R9000 per kg in Canada where its legal, its not coming down to the price of traditional crops because the supply wont be there. Considering your standard issues of yield.

 

[BeerIsNotGood...]

Supply as well as demand, its still R9000 per kg in Canada where its legal, its not coming down to the price of traditional crops because the supply wont be there. Considering your standard issues of yield.

This SA not Canada

 

[flippakitten]

Supply as well as demand, its still R9000 per kg in Canada where its legal, its not coming down to the price of traditional crops because the supply wont be there. Considering your standard issues of yield.

And who's raking in the money from said legalization? Not the criminals.
I'm not really sure what you're trying to say.

 

[flippakitten]

"They" shouldn't be touching anything when it comes to the economy as "they" cannot even supply reliable electricity or water.

Sure, if there is a demand for industrial hemp in the free market, farmers in the Eastern Cape would be wise to cash in on it. But I wouldn't give an ounce of economic power to our wise economic overlords in the ANC.

I should really alias "they" to "the anc"

 

[flippakitten]

Anyway, back to the budget.

These increases in sin taxes always lead to a much higher increase.
Like the R65 for whisky will most likely translate to R100.

Should have just sold Eskom and be done with it.

 

[BBSA]

Anyway, back to the budget.

These increases in sin taxes always lead to a much higher increase.
Like the R65 for whisky will most likely translate to R100.

Should have just sold Eskom and be done with it.

Sold to whom? you will have to pay someone hundred of billion just to take Eskom.

 

[rietrot]

And who's raking in the money from said legalization? Not the criminals.
I'm not really sure what you're trying to say.

You can't deny the crime aspect. Criminals steal mielies to sell next to the road and livestock. There's absolutely no reason to assume weed won't be subject to the same or even more theft. Its high value will make it venerable, even if it is legal the illegal market won't just disappear.

 

[daveza]

Anyone know why cigs and alcohol are the only 'sins' that can be taxed?

 

[Unhappy1]

And who's raking in the money from said legalization? Not the criminals.
I'm not really sure what you're trying to say.

That SA farmers are going to have a very hard time securing their crop from criminals, ive made that clear numerous times so not really sure what you don't understand.

 

[Hemi300c]

29c more tax per liter of petrol is fking ludicrous.
Everything will go up.
More tax than actual cost probably by now.

 

[BBSA]

Anyone know why cigs and alcohol are the only 'sins' that can be taxed?

Is carbon emissions a sin?
Is comsuming sugar a sin?

 

[upup]

Sold to whom? you will have to pay someone hundred of billion just to take Eskom.

Guptas

 

[daveza]

Is carbon emissions a sin?
Is comsuming sugar a sin?

But they aren't included in what they call sin taxes.

 

[ForceFate]

Illegal Zim imported cigarettes....

Much cheaper. No taxes. No electricity required.

Sorted.

You encourage lawlessness but become visibly anxious when it bites you...
Ok

 

[BeerIsNotGood...]

That SA farmers are going to have a very hard time securing their crop from criminals, ive made that clear numerous times so not really sure what you don't understand.

City farming?

 

[Vrotappel]

Over the medium term, government will take additional steps to manage growth in compensation, including early retirement without penalties.

There goes a huge chunk of skills.