Yep. Saw an investment profile of someone close to me the other day. He invested 200 000 ZAR in some old mutual investment scheme about 24 years ago that was advertised at the time as a premium investment opportunity. He liquidated the investment recently which had a value of about 600 000 ZAR now (3 x over 24 years)

He'll have to pay about 100 000 ZAR in capital gains tax, even though he lost most of the purchasing power of the original investment, so technically made a loss, but because the zar lost like 80% of it's value to the dollar over that time it looks like a profit and now he gets taxed on it (and the dollar also lost value over that time)

Could have probably lived off the initial investment back then for at least 3 years and today he won't be able to live off that current value for even one year, but has to give like 22% of the "profit" to the government like wtf 😒

You win, get taxed. You lose, also get taxed