South Africa’s Finance Minister, Pravin Gordhan, has targeted the rich in his annual budget, announcing a new top tax bracket of 45% in his 2017 budget, and the new tax bracket applies to annual incomes of more than 1.5m rand ($114,000; £91,000), which will hit around 100,000 people.

According to Ceoafrica, Mr Gordhan is battling weak tax receipts which, during the current financial year have been 30bn rand ($2.3bn, £1.8bn) less than expected, which he pointed out that 95% of wealth is in the hands of 10% of the population; nearly 23 years after the end of apartheid.

And it is still very much skewed along racial lines, but the minister warned of "growing impatience and ferment" over post-apartheid inequality:

Economic growth is slow, unemployment is far too high and many businesses and families are under stress and the relationships between labour and capital, rich and poor, black and white still reflect the entrenched legacy of colonialism and apartheid.

This may well have been Mr Gordhan’s last budget speech given his fractious relationship with President Jacob Zuma and many see him as standing in the way of those wanting to loot government coffers.