16.03.2015

There’s little space to swing the fiscal cat…

SA’s low growth expectations, crumbling infrastructure and increasing social burden means that minister Nhlanhla Nene must take some brave decisions, says Agbiz economist Lindie Stroebel.

Former US president Ronald Reagan once summed up his country’s government’s view on the economy in a few short phrases: “If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidise it.” With reference to Reagan’s words, the South African government’s fiscal stance and ability in 2015 is highly concerning. More

Source: Farmer's Weekly, 16 March 2015 

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