The government seems to have dropped any immediate plans for a wealth tax in South Africa - but it is by no means losing focus on the country's rich.
Godongowana delivered the MTBPS on Wednesday, 26 October covering alongside the topics of Eksom and E-tolling in Gauteng - other important fiscal talking points, pricking up the ears of South African economists from across industries.
Financial experts have warned that the South African Revenue Service's (SARS) renewed focus on wealthy individuals in the country is priming taxpayers for the introduction of a wealth tax.
The 2022 national budget provides concrete evidence that South Africa is at the top of the Laffer curve, says Tertius Troost, manager of tax consulting at Mazars.
© 2022, Instive. All rights reserved
