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Cash-Strapped SARS says it is Unable to Honour Wage Agreements

SOUTH AFRICA
  • SA Revenue Services (SARS) Chief Kieswetter says the R3bn budget allocation for the next three years is insufficient
  • Risking more calls for funding from a hamstrung Treasury in the coming years
  • As a result, SARS is unable to implement the third year of its wage agreement with unions, but is in discussions as to how to rectify this
  • Notes SARS total income is ~R11.7bn and needs to be closer to R14bn to be fully funded
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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