The 3% B-BBEE TAX SCAM: How the ANC Plans to Rob South Africa’s Businesses

💸 Back-a-buddy HELP fund Stolen Ground 2 & 3: https://www.backabuddy.co.za/campaign/stolen-ground-2
(BaB accepts international donations too)

EFT Details:

Bank: FNB
Account Holder: Deep Focus (Pty) Ltd
Account Type: Gold Business Account
Account Number: 63171960321
Branch Code: 250655
Swift Code: FIRNZAJJ
Ref: Stolen Ground

WATCH 👀 Stolen Ground: The Tygerberg Raceway story — Who’s really behind the land grabs in South Africa?
https://youtu.be/u4XZaRrhaZM

___________________________________

🏆 Become a member to my YT Channel for some perks:
https://www.youtube.com/channel/UCdU01vCV2s1obEC9qPZc85Q/join
___________________________________

⬇️ Social media Links 📱:

Facebook: https://www.facebook.com/share/16CXSoQw3H/?mibextid=wwXIfr

Instagram: https://www.instagram.com/newsflashwjoeemilio?igsh=cGZuYXNyNGcydjl4&utm_source=qr

X: https://x.com/NewsflashwJE

Tiktok: https://www.tiktok.com/@newsflashwjoeemilio?_t=ZM-8u6Sl1Hy1xP&_r=1

_________________________________

The South African government has unveiled yet another “brilliant” idea — a so-called voluntary 3% revenue levy on private companies to fund a new Transformation Fund. Under this proposal, unlisted companies will pay 3% of their gross revenue into a central fund in exchange for automatic BEE Level 3 status, with a “pathway” to Level 1 if they meet additional equity targets.

The Department of Trade, Industry and Competition claims this will “simplify compliance” and create R40 billion a year in capital for black-owned businesses. But in reality, this scheme is nothing more than a disguised tax, a dangerous socialist experiment that punishes productivity, destroys profitability, and fuels corruption.

In this Newsflash episode, Joe Emilio breaks down the absurdity and hypocrisy behind the government’s latest policy push — showing why it’s economically suicidal, politically dishonest, and completely unworkable.

Here’s what you’ll learn in this video:
• Why the so-called “3% transformation levy” is a tax on revenue, not profit — and how that difference could bankrupt small and medium businesses overnight.
• Real math examples showing how a 3% charge on turnover can wipe out half of a company’s profits or even push thin-margin industries into loss.
• The truth behind the Transformation Fund, which the government says will “uplift” black entrepreneurs but will likely become another politically connected cash cow.
• How the plan assumes a 15% participation rate but promises R40 billion annually, proving it’s based on fantasy math and coercion.
• Why calling it voluntary is deceptive — since companies that don’t pay will lose BEE status and be locked out of tenders and procurement deals.
• How this policy repeats the same mistakes as failed state funds like the Land Bank, UIF Covid fund, and the National Empowerment Fund.
• The long-term effects this policy could have on jobs, prices, investment, and overall business confidence in South Africa.

Joe also exposes the ideological roots behind the policy — showing how it’s driven by socialist redistribution, not genuine empowerment. Instead of creating opportunity through growth, competition, and education, this proposal centralizes power and funnels money into another unaccountable bureaucracy.

This is not transformation. It’s the illusion of transformation — a way to rebrand economic control as empowerment while South Africans pay the price through job losses, higher prices, and slower growth.

The truth is simple:
You can’t build prosperity by punishing success.
You can’t fix inequality by breaking the productive.
And you can’t empower the poor by destroying the middle class.

Watch as Joe Emilio dissects this new government plan with satire, logic, and sharp analysis — exposing how this “voluntary levy” could be the final nail in the coffin for South Africa’s struggling private sector.

Chapters include:
• The illusion of “voluntary” taxation
• The math that exposes the madness
• How this destroys small business margins
• Why “Transformation Funds” always end in scandal
• The ideological war on free enterprise

This is your deep dive into South Africa’s latest economic blunder — and why we must reject policies that trade empowerment for control.

#SouthAfrica #BEE #TransformationFund #JoeEmilio #Newsflash #Economy #Business #ANC #Politics #TransformationLevy #BlackEconomicEmpowerment #3PercentTax #SARS #SmallBusiness #Entrepreneurship #PolicyFailure #Socialism #Corruption #FreeMarket #Liberalism #EconomicFreedom #SouthAfricanPolitics #JoeEmilioNewsflash #PoliticalSatire

Видео The 3% B-BBEE TAX SCAM: How the ANC Plans to Rob South Africa’s Businesses канала NewsFlash w/ Joe Emilio