Sars reaches R1tn collection milestone

The South African Revenue Service (Sars) on Monday announced that it has crossed the psychological threshold of the R1-trillion mark in its revenue collection efforts, making it the third year in a row that Sars reached this milestone. Sars Commissioner Tom Moyane said it was testament to the organisation’s commitment to reaching the increased revenue target of R1.217-trillion, which was announced by Finance Minister Malusi Gigaba in his budget speech last week.