Business Maverick

Business Maverick, Politics

ANC mulls tax on capital inflows

The ANC is considering taxing short-run capital inflows to weaken the rand and make it more competitive. In a discussion document ahead of the policy debating meeting at the party National General Council next month, the ANC said that in the short run, the core priorities are finding ways to ensure a more competitive currency, and that the taxation of short-run capital inflows will be central to that debate. One wonders why they don't simply drop exchange control regulations, which would be a cheaper, less beauracratic way to achieve the cheaper rand objective. Read more: Reuters Africa

0

Gallery

Please peer review 3 community comments before your comment can be posted

X

This article is free to read.

Sign up for free or sign in to continue reading.

Unlike our competitors, we don’t force you to pay to read the news but we do need your email address to make your experience better.


Nearly there! Create a password to finish signing up with us:

Please enter your password or get a sign in link if you’ve forgotten

Open Sesame! Thanks for signing up.

We would like our readers to start paying for Daily Maverick...

…but we are not going to force you to. Over 10 million users come to us each month for the news. We have not put it behind a paywall because the truth should not be a luxury.

Instead we ask our readers who can afford to contribute, even a small amount each month, to do so.

If you appreciate it and want to see us keep going then please consider contributing whatever you can.

Support Daily Maverick→
Payment options

Become a Maverick Insider

This could have been a paywall

On another site this would have been a paywall. Maverick Insider keeps our content free for all.

Become an Insider

Every seed of hope will one day sprout.

South African citizens throughout the country are standing up for our human rights. Stay informed, connected and inspired by our weekly FREE Maverick Citizen newsletter.