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Weekly 21 November 2014
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Stanger Weekly
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Five suspected robbers arrested [4]
Fight now or pay big later
New beginnings in Etete
>> Property owners urged to fight rates act
JONATHAN ERASMUS AND SHANNON HOPKINS
try’s dire financial status that the government is seeking to raise revenue by any and every means possible. The only way to boost NEW property rates act will retard economic activity in the country is to reduce savings and hit ratepayer’s disposa- taxes and encourage savings and investment,”said Urbach. ble income. He said property owners will “reduce But civil society groups have warned that unless municipal residents lobby against their after tax incomes” lowering levels of the law—which has yet to be brought into disposable income, lessen savings and lead to a reduction of “real wages”. force — they must accept the tax burden. The act will The Municisee municipalipal Property “THE ONLY WAY TO BOOST ties having to Rates AmendECONOMIC ACTIVITY IN THE phase in addiment Act, promtional costs to ulgated in AuCOUNTRY IS TO REDUCE TAXES households over gust, will see govfive to seven ernment AND ENCOURAGE SAVINGS AND years as the institutions beINVESTMENT” amended act is ing either exphased in. empt or receive TheSouthAfricanLocalGovernmentAsmassive discounts on their rates bill and municipalities have said that residential sociation’s executive for municipal finance and commercial ratepayers will be forced to Simphiwe Dzengwa said they have “reservations”abouttheamendmentandwillsuppick up the tab. Jason Urbach from the Free Market portmunicipalitieswantingtochallengethe Foundationsaidgovernment“shouldbeen- act. couraging individuals to become proud >> STORY CONTINUED ON propertyownersandnotmakingitmoredifficult by raising taxes”. PAGE 4 “It doesn’t surprise me given the coun-
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PHOTO: JYOTHI LALDAS
KwaDukuza Mayor Ricardo Mthembu officially launched the Woodmead Integrated Housing Devel opment in Etete with Standard Bank KZN provincial director Toy Mzimela and ward councillor GN Mbonambi.
2015 JANUARY ENDS 31
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