Expect drastic decision in budget speech on funding free education – Gigaba

[Adrianax]

https://www.news24.com/SouthAfrica/N...igaba-20180111

East London – Finance Minister Malusi Gigaba is feeling the pressure in his search for money to fund President Jacob Zuma's free higher education plan and has warned that drastic decisions must be expected in his February budget speech.

"The concern about funding is genuine given the fact that we have announced that there is a R51bn shortfall in the budget for this financial year. We had indicated that any additional budget programme would have to be funded in a way that does not breach the expenditure ceiling.

"Secondly, [we had indicated] that we would need to implement certain measures, both in terms of expenditure cuts and revenue enhancement, in order to take care of any additional budget pressure," he said.

[Adrianax]

Time to start forex trading and buying into Dollars and shorting the Rand. Some of us will be stinking rich by the end of February.

[LazyLion]

Translation: Drastic Decision = "Sorry we can't do it"

[xrapidx]

Swear if the tax rates and **** keep going the way they're going I'm out of here.

For the first time I'm seeing friends on Facebook packing bags and leaving, about 10% have left in the past two years.

[Hamster]

Wealth tax
Increase in dividend tax
Increase in CGT
VAT remains at 14%

EDIT: fixed CHAT....wtf is CHAT

[Adrianax]

Wealth tax
Increase in dividend tax
Increase in CHAT
VAT remains at 14%

I suspect VAT will increase. Everyone will pay for this mess.

[Arthur]

Everyone will pay for this mess.

Disagree.

Only the Haves will pay.

[Hamster]

I suspect VAT will increase. Everyone will pay for this mess.

That's what should happen, but it'll be disastrous for their 2019 elections.

Although maybe I'm giving the average ANC supporter too much credit.

[Alan]

Disagree.

Only the Haves will pay.

The haves a little will pay. The haves a lot will find a way to avoid paying.

[Ho3n3r]

Sacrificing an entire country to secure votes.

The ANC should be proud of their legacy.

[HavocXphere]

Swear if the tax rates and **** keep going the way they're going I'm out of here.

That part is pretty much guaranteed.

It's not like they're going to cut social grants...

For the first time I'm seeing friends on Facebook packing bags and leaving, about 10% have left in the past two years.

Like ~20% of my FB is still left.

[Messugga]

That's what should happen, but it'll be disastrous for their 2019 elections.

Although maybe I'm giving the average ANC supporter too much credit.

WMC at work.

[Ryansr]

The population wants things for "FREE", so we as taxpayers will just have to pay for the "FREE". Radical Economic Transformation is a joke!

[Adrianax]

The population wants things for "FREE", so we as taxpayers will just have to pay for the "FREE". Radical Economic Transformation is a joke!

It was promises made to them. Everyone will get free grants. Everyone will get free houses. Everyone will get free electricity. Everyone will get free water. Everyone will get free basic services. Everyone will get free medical treatment, and now, everyone will get free education. They're just living up to the expectations created back in 1994. No one ever thought anything through. It was all a spin, right from the onset, to get and keep voters.

[thestaggy]

I actually hope they raise VAT so the halfwits that made the most noise about free education can actually see how ''free'' things work in the real world.