Wealth tax on the cards?
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With the Budget 2025 speech only a few days away and a tax collection shortfall expected to be in the region of R22 billion, the Minister of Finance will be looking for ways to boost tax collection without slowing down the economy and negatively affecting South African households. Will he come for the rich with a wealth tax? Sizwe Dhlomo invited CA(SA) Khaya Sithole to answer this and also share insights on striking the balance between overtaxing individuals and taxing them enough that the government benefits.
