SARS misses revenue target by R0.7-billion
The South African Revenue Service has collected just over R1.2 trillion in the 2017 / 2018 financial year.
Finance Minister Nhlanhla Nene earlier briefed on revenue collection for the last financial year in Pretoria.
An amount of R234.3-billion was refunded to taxpayers.
"The preliminary result is very close within the 0.06% [R0.7-billion] to the forecasted estimate of R1.217-billion announced by the minister in the Budget Speech 2018. It represents the growth of R72.4-billion which is 6.3% compared to last year's revenue," Nene said.
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From December 2017 to February 2018, revenue growth - on a month-on-month basis - accelerated to between 9.5 and 15.5%, strengthening the aggregated year-on-year growth.