South Africa’s tax burden is reportedly at a record 26.8% of GDP, while government debt is projected to reach R6.9 trillion by 2028/29. Yet economic growth remains weak, and taxpayers continue to shoulder the cost.

The Finance Minister claims South Africa has “emerged from the fiscal wilderness”. But can this really be celebrated when taxpayers are paying more while the economy underperforms?

South Africa cannot tax or borrow its way to prosperity. We need accountability, sound economic policies and meaningful reform.

In the enclosed episode of The Employers’ Voice, NEASA Chief Executive, Gerhard Papenfus, discusses government spending, mounting debt, and the burden on taxpayers.

WATCH NOW.