Latest
 
  • All Share : 51773.5
    UP 1.72%
    Top40 - (Tradeable) : 45234.26
    UP 1.89%
    Financial 15 : 14732.06
    UP 1.40%
    Industrial 25 : 68709.64
    UP 2.08%
    Resource 10 : 31269.32
    UP 1.64%

  • ZAR/USD : 13.6171
    DOWN -0.05%
    ZAR/GBP : 17.7194
    UP 0.10%
    ZAR/EUR : 15.279
    UNCHANGED0.00%
    ZAR/JPY : 0.134
    DOWN -0.59%
    ZAR/AUD : 10.4712
    UNCHANGED0.00%

  • Gold US$/oz : 1322.8
    UP 0.11%
    Platinum US$/oz : 1034
    UP 0.68%
    Silver US$/oz : 19.23
    UP 0.31%
    Palladium US$/oz : 715
    UP 0.70%
    Brent Crude : 48.67
    DOWN -0.33%

  • All data is delayed by 15 min. Data supplied by Profile Data
    Hover cursor over this ticker to pause.

Thu Sep 29 03:39:31 SAST 2016

Graduate tax will discourage studies, says Afriforum

Sapa | 08 February, 2013 10:29
File photo.
Image by: Gallo Images/Thinkstock

The ANC's proposed graduate tax will discourage tertiary studies and could lead to even more graduates leaving the country, Afriforum Youth said on Friday.

"Such a tax will create a climate where people are discouraged to further their studies and lead to even more graduates leaving the country," spokesman Danie Ungerer said in a statement.

"Government is supposed to reward people who make an impact on the economy and who have the ability to generate employment."

The ANC resolved at its elective conference in Mangaung last year to introduce a tax on graduates.

Conference delegates participating in the education and health commission resolved that consideration "must be given to a graduate tax for all graduates from higher education institutions". It did not provide more details.

Afriforum Youth called for broader public consultation before such a tax was instituted.

SHARE YOUR OPINION

If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.