South Africa rejects wealth tax in win for billionaires
Billionaires Africa | 03.07.2026 04:39
South Africa will not introduce a wealth tax. Finance Minister Enoch Godongwana confirmed the government's position on July 2, 2026, rejecting proposals that would have imposed an annual levy on the country's wealthiest individuals and closing, at least for now, a debate that has intermittently surfaced in South African economic policy circles for more than a decade.
