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south africa wealth tax

south africa wealth tax fiscal fairness debate
Business

At a Crossroads: South Africa, Wealth Tax, and the Future of Fiscal Fairness

by Chloe de Kock
May 16, 2025

South Africa is facing a big debate about whether to tax the superrich more to help fix deep economic gaps and raise money for public services. Some say a wealth tax would make things fairer, while others worry rich people might leave or hide their money, making the tax hard to collect. The government already taxes high earners heavily, but many believe this isn’t enough to close the gap between rich and poor. This debate is about more than money—it’s about building a fair society where everyone shares in the country’s success.

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