JOHANNESBERG, April 2 – South Africa’s tax revenue exceeded expectations in the 2024 to 2025 fiscal year, supported by higher collections across key tax categories.
Preliminary data from the South African Revenue Service shows net revenue reached 2.010 trillion rand ($118.59 billion), slightly above the National Treasury’s estimate of 2.007 trillion rand. The figure marks an 8.4% increase compared with the previous financial year.
Collections were driven by growth in corporate, consumption and personal income taxes. Corporate income tax rose by 9.9% to 355.5 billion rand, while domestic value-added tax increased by 7.6% to 604 billion rand.
Pay-as-you-earn income tax also recorded gains, rising 8.5% to 767 billion rand during the period.
The revenue service said the results were achieved despite a challenging environment characterised by slow economic growth, geopolitical tensions and global supply chain disruptions.
It also noted ongoing efforts to address illicit economic activity. The agency estimates that illegal trading networks cost the country more than 100 billion rand in lost revenue annually and said it is working with law enforcement authorities to shut them down.
The outcome places revenue collections slightly above official projections for the fiscal year.
