The SA Revenue Service has exceeded the 2022 revenue collection by R123 billion after collecting a net revenue of R1.687 trillion in the financial year ended March 2023. Gross-tax revenue collected exceeded R2 trillion for the first time after gross revenue rose to R 2.068 trillion over the same period.
Procurement is a large function in the state, which usually has an annual budget of at least R1-trillion. The state’s procurement budget is also an important vehicle through which black-owned and black-managed businesses get a leg-up in winning government tenders in the interest of economic tra.
An enduring disagreement with the Auditor General over a controversial IT system has delayed the National Treasury's annual report, and Parliament is running out of patience.