Statement on the Cabinet meeting of 25 March 2026, and Special Cabinet meeting of 1 April 2026.
A. Issues in the environment
1. Economy
1.1. SARS collects a record R2 trillion in net revenue
1.1.1. Cabinet applauded SARS under Commissioner Edward Kieswetter for collecting just over R2 trillion in net revenue, a record milestone which was achieved in the fastest period since the R1 trillion net revenue collection milestone.
1.1.2. The improved tax collection boosts fiscal capacity and stability by reducing government’s reliance on debt and creating more fiscal space to fund the budget.