The SA Revenue Service (Sars), whose capacity was torn down during the administration of former commissioner Tom Moyane, missed its revenue target for a fifth consecutive year, highlighting the challenge faced by his successor. Sars, which collects the taxes that the government uses to fund services from education to defence, said revenue collection fell about R15bn short of the government’s revised target for 2018/2019, announced by finance minister Tito Mboweni in his budget less than two months ago. The R1.287-trillion estimate released on Monday was R57.4bn or 4.3% less than the initial target. PODCAST: Listen to more commentary on the topic. Subscribe: | Spotify | Apple Podcasts | Pocket Casts | The tax agency, which was once regarded as a world-class institution and had the reputation of overshooting targets, releasing resources for tax cuts and capital expenditure, has consistently fallen short in the past five years due to a sluggish economy and governance ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now