South African companies have around R1.4 trillion in excess cash—a record high—as they prefer to let the money earn interest in a bank account rather than risk it investing in the local economy.
I wouldn’t be surprised if some politician or bureaucrat is already looking for a way to invoke the “public interest” excuse to trigger their shiny new Expropriation Without Compensation law.
Yes a new tax on excess cash sitting in corporate bank accounts.
Why must the money sit there when we can use it to buy the mistress a new Bentley
The cANCer governmunt have successfully destroyed the country is their crowning glory
"Slowly, very slowly, the government is coming around to that idea, so we are very optimistic on a medium-term basis.”
- in truth, ANC moves slower than continental drift...unless cadre enrichment involved. Then they move like greased lightning.
Their failure to nurture prosperity of voters is losing them power.
Every Which way but loose.masters of deception and off course THEFT
Unfortunately the voters are failing to put 2 and 2 together so the ANC are loosing them to even worse scoundrels. Democracy is an inappropriate method of selecting government when the proletariat cannot discern devil from samaritan
Voter education is the most productive investment anyone can spend in SA today.
The economy, and the country, has been declining "ever successful the ANC", with any microscopuc upticks along the way being despite the way being despite the ANC and not because of them.
As water spirals down a drain, the spiraling is relentless, unless the drain is plugged.
We cannot plug the drain, as there are another multitude of holes, with names like EFF, MK and a multitude of other populist opportunists waiting for their chance to fill their dams.
Are all those who enabled the ANC for decades patting themselves on the back for a job well done?
It’s called the Africa Ideology. When the Tin Pot Dictators are happy to rule over the ashes in their fiefdoms.
You know what is crucial for economic growth? Lower taxes?!! What a foolish government we have.
HHow To get rid of the anc, first totally break the country into the bush
Hehe, It's been heading for disaster since 94. Seems disaster is heading in the same direction and its forever snapping at disasters' heals.