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)
