South Africa's Finance Minister Enoch Godongwana believes a wealth tax is unnecessary, as he outlines existing measures to tax the wealthy and address economic inequality.

The South Africa wealth tax debate is settled for now: Finance Minister Godongwana rejected an annual levy on the richest on July 2, 2026.

South Africa's Finance Minister Enoch Godongwana believes a wealth tax is unnecessary, as he outlines existing measures to tax the wealthy and address economic inequality.