South African Finance Minister Pravin Gordhan delivered the 2016 Budget to parliament on 24 February 2016. The main measures are summarized as follows.

Capital Gains Tax

The budget includes an increase in the inclusion rate for capital gains from 33.3% to 40% for individuals and from 66.6% to 80% for companies. This will result in a maximum effective capital gains tax rate of 16.4% for indiv…