![Hugo Van Zyl](https://www.taxconnections.com/taxblog/wp-content/uploads/H-V-Z-6.7-1.png?resize=90%2C90&ssl=1)
During February 2016, the beleaguered South African Minister of Finance, Pravin Gordhan made a serious attempt to balance government’s books. Being an election year, the increase in wealth taxes went down well with the grassroots support base of the ruling ANC.
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