There is currently a television commercial on South African television that seeks to persuade South Africans to pay their taxes; it shows the story of a gogo in a village who's been able to raise two children thanks to child support grants. Grants that the South African Revenue Services says would not be possible without South Africans filing their taxes.
And as South Africa prepares to mark 20 years since the formal end of Apartheid rule next year, it is the social grant system that will be touted as one of government's greatest achievements. Goldman Sachs agrees.
Colin Coleman, the head of the South African Office for Goldman Sachs International, believes the global narrative of South Africa has "become somewhat hysterical, short-term and often negative" since the Marikana massacre last year.
The bank then has produced a report titled Two decades of freedom: What South Africa is doing with it, and what now needs to be done in "the hope of contributing towards a more balanced narrative on South Africa".
In June, FTI Consulting, global business advisory firm, conducted a survey which revealed 38% of American investors strongly agree that labour unrest in South Africa's mining sector...