South Africa Tax Collection Beats Estimate Despite Tough Climate

South Africa’s tax collection modestly beat estimates, boosted by stronger contributions from companies, personal income receipts and value-added tax, preliminary data show.

The South African Revenue Service collected 2.010 trillion rand ($120 billion) on a net basis in the fiscal year through March, Commissioner Edward Kieswetter told reporters in Pretoria, the capital, on Wednesday.

Edward Kieswetter

Photographer: Dwayne Senior/Bloomberg

The amount collected was 8.4% higher than the previous financial year and slightly better than the National Treasury’s estimate of 2.007 trillion rand in its budget review last month.

Surpassing that forecast will help support Treasury projections that government debt peaked as a share of ...