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: iono.fm | Spotify | Apple Podcasts | Pocket Casts | Player.fm 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 ...

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