By 2027, as the effect of plundering the Gold and Foreign Exchange Contingency Reserve Account wears off, an unfettered ANC government would have to target savings pools, pension funds, the super rich, and the middle class to ensure it doesn't take any pain or upset its voter base. A slow climb back to a sustainable future is possible if South Africans are willing to endure some short- to medium-term discomfort, writes Renée Bonorchis.
Taxpayers may roll their eyes at that headline.
Yes, we’ve funded former president Jacob Zuma’s many wives’ cars, unnecessary flights for troops of state officials to not-at-all-useful talk shops, Eskom, SAA and a plethora of other gasping government companies. But we’ve not yet suffered a government directly coming after our savings and pension funds or imposing extra taxes on those who are getting paid colossal amounts.