In 1994, when South Africa became a democracy, the South African Revenue Service (Sars) collected R113.8 billion in taxes. When adjusted for inflation, this would have been equivalent to about R624.3-billion in 2025.
31 years later, in the 2025/26 financial year, Sars broke records by bringing in R2 trillion in tax revenue.
Collection over the last three decades has been far from smooth. Large increases were seen in the early 2000s as a commodity boom (minerals, metals) boosted corporate income tax, but then during the global financial crisis between 2007 and 2009 the economy contracted and revenue collection…
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Hoover Spark
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