Documents - A Lesson in Taxation


Sipho bought a cow from Bongani for R500 and asked him to deliver it the next day.

The next day Bongani showed up at Sipho's doorstep.

"Sorry Sipho, but the cow died last night".

"OK", said Sipho, " Give me my money back".

" Sorry, I have already spent it," said Bongani.

"Eish!... Ok, bring me the dead cow". said Sipho

The next morning, the carcass was delivered to Sipho.

A fortnight later, Bongani bumped into Sipho and asked him what he did with the dead cow.

"Oh, I raffled it, and sold 251 tickets at R5 each and made a profit of R850.! I just didn't tell anybody that the cow was dead".

"But didn't people complain?" asked Bongani in amazement.

"Only the guy who won, so I gave him his R5 back".

Sipho is now Minister of Finance.

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