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SARS collects R814bn in taxes

South African Revenue Service

Pretoria – In what Finance Minister Pravin Gordhan today described as a “remarkable achievement”, the South African Revenue Service (SARS) exceeded its target when it collected more than R814 billion in taxes for the 2012/13 fiscal year. [Read more…]

Tax revenue grows

South African Revenue Service

South African Revenue Service

Cape Town – Tax revenue grew by R68.5 billion in the last financial year – to total R742.6 billion – R3.9 billion more than forecast by the Minister of Finance Pravin Gordhan when he presented his 2012 Budget in February, the South African Revenue Service (Sars) said on Monday. [Read more…]

Targeted budget deficit is achievable

The Budget Deficit

Pretoria – South Africa’s targeted budget deficit is achievable, says Deputy Finance Minister Nhlanhla Nene.

The Deputy Minister was responding to scepticism over whether government’s targeted budget deficit of 4.6% in 2012/13 is achievable. [Read more…]