South Africa FM Gordhan Proposes 45% Tax on Wealthy

The video discusses South Africa's proposed 45% tax on the wealthy, highlighting the concentration of wealth and the need for inclusive transformation. It covers fiscal policies, emphasizing the importance of fiscal prudence and economic growth. The finance minister's job security is questioned amid speculation, but he reassures stability. The video stresses the need for collaboration between business, government, and labor to maintain the country's investment grade rating.

What percentage of wealth is held by 10% of the population in South Africa?

• 55%

• 75%

• 95%

• 45%

What is the proposed tax rate on the wealthy mentioned in the video?

• 35%

• 50%

• 45%

• 40%

What is the expected economic growth rate for South Africa this year?

• 1.3%

• 3.0%

• 2.5%

• 1.8%

What is the relationship between the finance minister and President Jacob Zuma according to the video?

• They have a rift

• They are indifferent

• They are in agreement

• They are rivals

Why is collaboration between business, government, and labor crucial according to the video?

• To reduce unemployment

• To improve education

• To maintain investment grade credit rating

• To increase taxes