On Monday, newly appointed Finance Minister Malusi Gigaba said "tough and unpopular decisions needed to be made" to ensure radical economic transformation. Gigaba was speaking at a media briefing of the South African Revenue Service (SARS). SARS released its preliminary tax collection figures for the 2016-17 financial year against the backdrop of a downward revision of its target by R30bn. SARS commissioner Tom Moyane said by midnight on Sunday, the authority had collected R1.144-trillion as aligned with the February budget speech. The preliminary estimates showed that SARS had exceeded the mark by R300,000. Moyane said SARS broke the trillion-rand mark for the second year in a row. But growth of 8.6% in refunds outstripped revenue growth of 7%. Moyane added: "This level of precision to achieve revenue estimates have been commented on favourably by the IMF. This achievement reflects a year-on-year growth of 7%, which is normally achieved in boom times." SA's economy grew 0.3% in 201...

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