Something is rotten in SA’s economy, warns tax head
South Africa’s tax ombudsman, Judge Bernard Ngoepe, has pointed to several danger signs that show “South Africa’s economy is not well”, according to a report by News24.
Speaking at a Leader’s Angle event hosted by the University of Stellenbosch Business School, Ngoepe noted that a huge national deficit, high unemployment rate and growing dependence on social grants were clear warning signs of something being “rotten” in South Africa’s economy.
“We (South Africans) must say to ourselves that our economy is not okay,” said Ngoepe.
“One of the basis for tax collection is that we are forced to pay it, but I think people should also feel morally obliged to pay tax. If we don’t spend tax prudently, then people will begin to justify their reluctance to pay tax.”
“Do we really live in a politically stable country that allows for a healthy economy?” he asked.
“We are becoming a corrupted society. People are employed based on their political connections.”
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