Brazilian-style meltdown on the cards?

2016-01-06 06:00

IN any country that has been ravaged by corruption to the tune of over R700 billion, one would expect its economy to hit rock bottom.

Through sterling work done by the SA Revenue Service, under the auspices of Trevor Manuel and Pravin Gordhan, the country’s tax base has risen with a collection now totalling R1 trillion.

One can only imagine what would have been the potential if graft wasn’t part of the national curriculum.

Using that as a yardstick to gauge the trajectory of this country, one can only hope that a better management of that R1 trillion is envisaged, or else a Brazilian-style meltdown is on the cards.


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