Who Owns South Africa’s Businesses?
Does the SA Government support Business Owners? Who owns Businesses in SA? The Shareholder or the Benefactor?
Consider an import and distribution business operating in South Africa.
The aim for the Shareholder/Business Owner is to maximize profit and minimize Risk.
The Company employs 10 staff members and distributes the product to retailers across South Africa.
The stated aim for the Government is to enable business to create jobs.
As the collector of revenue, SARS will levy and impose the following taxes.
In proper comparison, the following numbers explain the real benefactor of the business activity.