Wealth tax among Mboweni’s options to fund South Africa’s budget

Finance Minister Tito Mboweni will have to find money to help the nation’s economy recover from its longest recession in three decades and bail out state companies in a budget that’s projected to record the biggest shortfall since 1914. Mboweni will present the government’s revised spending framework for the next three years on Wednesday, four months after a supplementary budget that was unveiled to reallocate funds to help pay for a R500-billion ($31-billion) stimulus package announced by President Cyril Ramaphosa.

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