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Tax collections for the first three months of the fiscal year are running well ahead of budget, with company taxes shooting the lights out for a second consecutive year as the public purse continues to benefit from the global commodities boom.

But while tax experts expect that finance minister Enoch Godongwana could report a revenue overrun of at least R50bn when he presents his medium-term budget later this year, they warn the boom times will not continue and the pace of tax collections is likely to slow...

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