FF Plus’ proposals to fix the ANC’s botched actions with the country’s financial affairs

2015-03-10
Adv Anton Alberts

The ANC government has transformed South Africa to the brink of the abyss and the credit rating agency Standard & Poor’s rating of South Africa to a level of just above ‘junk status’ proves this, Adv. Anton Alberts, the FF Plus’ parliamentary spokesperson on Finance said.

Adv. Alberts said during the parliamentary debate on the Consideration ofFiscal Framework andRevenue Proposals and ofReport of SC on Finance this view is not an exaggeration and is based on a realistic consideration of the future of the country.

He said that serious notice should be taken of the submission that Prof. Jannie Rossouw of UNISA made to the Standing Committee.

Prof. Rossouw and his colleagues clearly show how South Africa finds itself at the brink of a fiscal abyss. Drastic changes will therefore have to be made to prevent a dark future. These changes include the following:

  • Eskom should be rescued. There is enough proof that this organisation is in a deep crisis. Eskom has to be forced to immediately stop all anti-productive actions, such as its plans to retrench more than a thousand experienced white engineers. These engineers will be fired just because they are white. It may boil down to sweet revenge on whites, but the price the whole of the country will have to pay for this is high and will lead to chaos;
  • Strengthen Treasury by removing maladministration and corruption. It could save up to R100 million per annum. The e-toll debt can be repaid in one instalment. The FF Plus therefore says that the tax levy to pay for e-tolls is unnecessary.
  • The risks that entrepreneurs take are not appreciated sufficiently. Tax incentives should be given to these people for their ventures to contribute to the economy and create jobs;
  • Encourage international trade and focus on the European Union again as the main trading block;
  • Encourage direct foreign investments by offering peace of mind and certainty regarding private ownership by confirming it as the corner stone of our economy. That means the ANC should stop acting xenophobic toward foreigners and racist against white farmers;
  • Relax labour legislation which only protects workers and not the unemployed;
  • Stop wasting time and money by attacking and dismantling Afrikaans minority institutions just because they are Afrikaans;
  • Stop cadre deployment and re-deployment. It is absurd.

It is understandable that there is pressure on the minister to follow a wrong path due to ideological reasons. If the minister and the ANC continue with this wrong path, they will not later on be able to say that they had not been warned,” Adv. Alberts says.

 

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