[LISTEN] Pravin Gordhan explains his 'Robin Hood' budget speech
Finance Minister Pravin Gordhan says SA’s tax system is progressive, meaning that the more you earn the more you contribute.
JOHANNESBURG – Finance Minister Pravin Gordhan says South Africa’s tax system is progressive, meaning that the more you earn the more you contribute.
“The part about growth and transformation in the budget speech is to get more South Africans participating in the economy, more [people] earning an income so that more people can contribute to income tax.”
Gordhan said that because the country has massive divides in wealth we need to do more to redistribute the wealth.
(Edited by Refilwe Pitjeng)