South Africa Loses Millions in Tax Revenue as Millionaires Choose to Leave | Firstpost Africa
South Africa Loses Millions in Tax Revenue as Millionaires Choose to Leave | Firstpost Africa
Africa’s biggest economy is losing millions of dollars as its ultra-rich are packing their bags and dumping their nation. As per reports, South Africa lost around 160 million dollars in tax revenue in 2024. Around 38,000 wealthy taxpayers ended their…
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SARS is making the ordinary productive citizen an enemy. They are employing more and more "verifications" (which is nothing other than a audit) because they realise that many people feel aggrieved having to pay a large part of their salary over but get nothing in return.
The main reason is the corrupt, racist ANC. It’s not rocket science.
So your plan is to ensure South Africa doesn't attract other millionares with your narrative.
Who sponsors this media houses mara?
Let us remember that 80% of the wealth of south-africa is held by 10% white minority so they feel like they are burdened by BEE and other business initiatives to support black people. The same black people who worked for them for peanuts to help them get rich from their own land.
Apartheid beneficiaries have been on the move since 1990s,
the privileges thay had were coming to an end.
Hope they pack properly if they going to LA..
Don't worry my love I'll save you from all the crime 😢❤❤
Who is the reporter?❤
1 million, is that even money. Our politicians eat that money in 1 day for just drinks
The ANC are to proud yo admitt their failures to the Citizens
ANC other politicians only to steel as much as they can and sell what's left to foreign country governments
They have never cared for any Citizens
Just the facts
Where do this millionaire come from America Britton who knows it could be Brics to that they leaving
Very poor government management, tax money being stolen, crime and anti white policies, tax your brains, who wants to live in an environment?
If you have brains, and you want to make progress, find a new comfortable home.
Millionaire in what sense? R1 million is USD 52 000. Wow! What happened to the Rand, 1970 R1 got you +/- USD2.
I wish politicians could leave too and corrupt people
The ANC government has destroyed South Africa.
South Africa is more concern with international issues than it's own immediate problems
Take your brothers in Orania with aswell and fokof
Wealth enslaves its "master"
Eff
result of putin lovebed…
This is an opportunity for the South African government to come up with other resources of generating money for the country (like its natural resources, financial sector, effective n proper running of it's current state owned enterprises)…
You can thank the ANC for there leaving and taking there property let’s see how SA survives and the ANC can’t get back handlers .😱😳😫😡🤮🐖🐀🐖
Let them go..they going to struggle in the rich countries
Love it. THANKS BEE
Brilliant let the ANC and BEE learn 😊
Free Luigi Mangione!!! is deep deep deep down the real reason
Only thing increasing in SA is unemployment. It tends to grow significantly each year then wheres the taxes when most people depend on government grant. Best Country to move SA money is Dubai. Join the Guptas in a First World Country
BLACK APARTHEID IS THE PROBLEM AKA B.E.E.👀🇿🇦🍌