The National Treasury plans to play a more active role at the South African Revenue Service as it works to recover from poor administration and perceptions of corruption that contributed to its missing its revenue collection target yet again. Speaking this week after announcing preliminary revenue collection figures, Finance Minister Nhlanhla Nene told Business Times that he had tasked Deputy Finance Minister Mondli Gungubele with spearheading engagements with SARS. "He will meet with them on a regular basis," Nene said on Tuesday after revealing that the revenue service had missed the collection target by R700-million for the 2017-18 financial year. SARS collected R1.216-trillion. The outcome is expected to widen the budget deficit announced in the national budget in February. The figures are still subject to an audit. Gungubele will assist the revenue service to "come up with a clear diagnostic", although many of the challenges and leakages in the system were known, Nene said. Cha...
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