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Godongwana rejects wealth tax as 'Dangerous Gamble'—warns of capital flight and economic fallout

Summary by The South African
Calls for a wealth tax in South Africa have intensified as the country grapples with widening inequality and pressing budget constraints. However, Finance Minister Enoch Godongwana has firmly rejected the idea, insisting that the country’s current income tax system remains the most efficient and sustainable way to generate revenue from the wealthy. Responding to a parliamentary question posed by MK party MP Sanele Mwali, Godongwana defended the …

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IOL broke the news in South Africa on Tuesday, May 13, 2025.
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