South Africa’s preliminary tax collection exceeded its budget estimate for the first time in five years as President Cyril Ramaphosa’s efforts to rebuild a revenue agency hollowed out under his predecessor’s rule start paying dividends.
The South African Revenue Service collected $85.3 billion in tax income in the fiscal year through March 31, Commissioner Edward Kieswetter told reporters Thursday in Pretoria, Bloomberg reports.
That’s more than two billion dollars more than the revised estimate in the February budget which the government cut from its original projection…
