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Launch of the Free Speech Union South Africa

IRR warns of tax revolt in wake of budget speech

IRR warns of tax revolt in wake of budget speech 24 February 2021 - What the budget reveals is the extent to which the government is making South Africans pay through taxation for the consequences of corruption and expropriation policy. The tax-to-GDP ratio is now the highest in South Africa’s history and is causing considerable trauma across households struggling to afford goods and services ranging from their bond payments to their children’s school fees. Despite that burden the deficit is on a par with depths reached on only three previous occasions – the two World Wars and the aftermath of the Rubicon speech in 1985 as the apartheid economy collapsed under the weight of its contradictions.

Will SA banks declare their opposition to the Expropriation Bill? – IRR

16 February 2021 - As the deadline for public comment on the Expropriation Bill rapidly approaches, the Institute of Race Relations (IRR) will this week be asking the country’s major banks and financial institutions whether or not they will be making submissions to Parliament to warn against the risks to their clients.

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