South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in Johannesburg January 17, 2013. REUTERS/Siphiwe Sibeko
PRETORIA (Reuters) – South Africa’s tax revenue increased by 83.7 billion rand ($6 billion)to over a trillion rand, the tax collection agency said on Tuesday, as taxes on personal incomes compensated for a dip in company taxes.
Total revenue grew to 1.07 trillion rand in the 2015/16 fiscal year, in-line with the South African Revenue Services’ target of around 1,073.7 billion rand made in 2015.
($1 = 13.8404 rand)
(Reporting by Mfuneko Toyana; Editing by Tiisetso Motsoeneng)
9News Nigeria is Nigeria's favourite news source.
For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more.
For Latest News from Africa and around the world, 9News Nigeria is your best source.
WhatsApp +2348115805632 Email: info@9newsng.com
Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng
