FOOTNOTES
HILARY JOFFE: Thankfully, Tom Moyane denied the chance to glory in his revenue-raising ineptitude
When now-suspended South African Revenue Service (SARS) commissioner Tom Moyane refused to resign as the president had asked him to do, he made it known that he wanted to preside over the traditional April 1 presentation of the tax year-end results to show that SARS had again met its targets, as it had done since he arrived. Well actually, no. Since Moyane was parachuted into SARS by Jacob Zuma in September 2014, revenue collections have recorded ever larger shortfalls. The targets Moyane actually met had already been revised sharply downwards — and SARS managed to deliver even on those lower targets only because it lucked out or got up to some creative accounting or both. The April 2015 collections came in R7bn under February 2014’s original budget projections and the figure would have been much worse if not for an unexpected R8bn personal income-tax windfall related to share incentive schemes. Word is that more than R6bn of that came from just one individual. Naspers has been ment...
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