SA lost more in tax revenue in the first three-and-half months of its fiscal year than it borrowed from the International Monetary Fund (IMF) and the African Development Bank (AfDB) combined.

A lockdown that initially shuttered almost all economic activity led to an under-recovery of R82bn for the fiscal year to July 15, SA Revenue Service commissioner Edward Kieswetter said on Friday...

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