JOHANNESBURG (Reuters) - South African tax revenues fell 15 billion rand short of the government’s target in the 2018/19 fiscal year, with revenue estimated at 1.287 trillion rand ($91 billion), the revenue
South Africa tax revenues fall 15 bln rand short of government target | Reuters
April 1, 2019 / 12:29 PM / Updated an hour ago

South Africa tax revenues fall 15 bln rand short of government target

A street money changer counts South African Rands in Harare, Zimbabwe, May 5, 2016. REUTERS/Philimon Bulawayo

JOHANNESBURG (Reuters) - South African tax revenues fell 15 billion rand short of the government’s target in the 2018/19 fiscal year, with revenue estimated at 1.287 trillion rand ($91 billion), the revenue service said on Monday.

South Africa has seen revenue collections fall consistently since 2015 due to weak economic growth and administrative weakness, the latter leading President Cyril Ramaphosa to fire Tom Moyane as revenue service boss in November.

($1 = 14.1728 rand)

Reporting by Mfuneko Toyana, Editing by William Maclean

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