By Thapelo Molefe
Government has hailed a record R2 trillion in tax revenue collection as a sign of economic recovery, even as it moved to cushion consumers from rising fuel costs linked to global conflict.
Minister in the Presidency Khumbudzo Ntshavheni on Thursday said Cabinet had welcomed the milestone achieved by the South African Revenue Service (SARS), describing it as a boost to fiscal stability and a reduction in reliance on debt.
“This milestone demonstrates improved tax compliance and administrative efficiency, but also signals underlying economic growth,” Ntshavheni said during a post-Cabinet briefing on Thursday.
She said the growth was partly driven by strong performance in the mining sector and came alongside five consecutive quarters of economic expansion, with GDP rising by 1.1% in 2025.
But the positive economic signals were tempered by mounting global risks, particularly the ongoing US-Israel-Iran war, which the Cabinet warned could push up fuel and
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