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Friday, 16 May 2008

Stop Chartered Accountants from destroying the real economy and everyone will gain.

Get Chartered Accountants to admit that the Rand is not stable and that changes in its general purchasing power are sufficiently important to require adjustments to the basic financial statements and the following will happen automatically:

1. Salaries, wages, taxes, issued share capital, retained income and all constant items will be updated monthly with the change in the CPI;

2. CA´s will stop destroying hundreds of billions of Rand in real value in the real economy each and every year(how can they sleep at night?);

3. GDP and sustainable economic growth will increase;

4. It will be IMPOSSIBLE for inflation and hyperinflation to destroy the SA real economy like it did in Zimbabwe.