• Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

  • Money creation made easy

    Changing the money creation system may be simpler than we think, says Edward Ingram.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

ANC looking to tax graduates

Feb 07 2013 08:49 Sapa

Students with big aspirations stand on the steps of the Wits University Great Hall.

Related Articles

AA blamed for lack of black graduates

'SA produces wrong kind of graduates'

No applications for student scheme

Graduates upbeat about staying in SA

Nzimande: Black graduates struggle

Job search a struggle for unemployed

 

Johannesburg - The ANC took a resolution at its elective conference in Mangaung last year to introduce a tax on graduates, the Sowetan newspaper reported on Thursday.

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".

Details of the mooted tax were scant, with no explanation given about time lines for implementation, or the likely percentage to be levied, the newspaper reported.

SA Students Congress secretary-general Themba Masondo, who participated in the education commission, confirmed the agreement on the tax. He told the newspaper Sasco was against it.

"As an organisation we raised a number of issues with this tax. They are not so clear about how it will work."

Masondo was in favour of a general levy that would see high income earners paying more.

According to the ANC resolutions, the tax was intended to bolster the coffers of the National Student Financial Aid Scheme, which was expected to play a major role in government's plans to introduce free education to all undergraduate students, the newspaper reported.

Free education was likely to be introduced next year.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

anc  |  graduates  |  education  |  tax
NEXT ON FIN24X

Rich man, poor man

49 minutes ago

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
237 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Cope loses members to ANC

President of the Cope Youth Movement, Abel Rangata, and three other Cope members have resigned from the party to join the ANC.

 
 

Latest elections multimedia

11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille
The EFF's ad was banned, see why
Why Jack Parow wants you to vote on 7 May

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...