Wealth tax debate intensifies as rates rise

A debate on introducing a wealth tax in the country has been simmering in the public discourse for years, as inequality levels have grown to be amongst the worst in the world.

Analysts have said the recent increase in VAT to 14%, as well as a higher fuel levy, electricity tariffs and the new sugar and carbon taxes, will only increase inequality in a country where official studies show that 70% of all employed people earn less than P4,000 per month.