The announcement last week by the South African Revenue Service (Sars) that it had managed to exceed revised budgets for tax collections, with the collection of R38-billion more than had been estimated in the February budget for the 2020/21 year, is “very welcome”, says Business Leadership South Africa CEO Busi Mavuso.
The extra collections, she explains, mean government has a “little more breathing room” in getting the country’s debt levels under control, as well as reflecting a better economic performance than had been expected.
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