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South Africa's super-rich

Feb 23, 2011 | Sapa |   39 comments

Over 2,000 South Africans make R5-million plus

ILLUSTRATION: Our most famous billionaire, Patrice Motsepe

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More than 2000 South African taxpayers earned more than five million rand each during the 2009/10 tax year, according to a document released by the SA Revenue Service and National Treasury on Wednesday.

One of the tables in the document lists 2009 taxpayers by “taxable income group”, a scale that runs from A to Y.

The Y group includes those who earned R5,000,001-plus between March 1 2009 and the end of February last year.

The table shows this group included 2,046 people, who collectively earned more than R19 billion in taxable income, and were tax assessed to the tune of R7.4 billion.

The W and X groups include those who earned R1,000,001 to R2 million, and R2,000,001 to R5 million respectively during this period.

The W group had 39,372 members, and the X group 11,028.

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