29 June 2012 – South African Trade Statistics for May 2012
The trade deficit for May 2012 declined to R8.9 billion (Deficit of R1.5 billion in May 2011) compared to a deficit of R9.9 billion in April 2012, a month on month decrease of R1.0 billion. Exports increased by R10.6 billion (20.4%) to R62.8 billion and imports increased by R9.7 billion (15.6%) to R71.7 billion.
31 July 2012 – South African Trade Statistics for June 2012
The trade deficit for June 2012 declined by R3.2 billion to R5.7 billion (surplus of R4.9 billion in June 2011) from a deficit of R8.9 billion in May 2012. Exports decreased by R1.1 billion (1.7%) to R61.7 billion and imports decreased by R4.3 billion (6.0%) to R67.4 billion.
Trade Statistics for October 2019
The South African Revenue Service (SARS) today releases trade statistics for October 2019 recording a trade surplus of R3.09 billion. These statistics include trade data with Botswana, Eswatini, Lesotho and Namibia (BELN). The year-to-date (01 January to 31 October 2019) trade surplus R5.32 billion is an improvement from the R3.70 billion deficit for the comparable period in 2018. Exports increased by 2.8% year-on-year whilst imports for the same period showed a decrease of 4.3%.
SARS releases the preliminary trade statistics for March 2022
The South African Revenue Service (SARS) today releases trade statistics for March 2022 recording a preliminary trade balance surplus of R45.86 billion. These statistics include trade data with Botswana, Eswatini, Lesotho and Namibia (BELN). The year-to-date (01 January to 31 March 2022) preliminary trade balance surplus of R62.10 billion is a deterioration from the R99.06 billion trade balance surplus for the comparable period in 2021. Exports increased by 9.8% year-on-year whilst imports increased by 21.3% over the same period.
Rhino horn found in luggage at OR Tambo International Airport
Customs officers of the South African Revenue Service (SARS), in collaboration with other government departments, intercepted the luggage of a female South African passenger at OR Tambo International Airport which contained twelve (12) pieces of rhino horn weighing 30.7 kilograms.
SARS carries out search and seizure operations in various sectors
The South African Revenue Service (SARS) through its Syndicated Tax & Customs Crime Division, carried out inspections as well as search and seizure operations on entities in the banking sector, tobacco and cigarette sector, alcohol, gold and clothing industries in KwaZulu-Natal, Western Cape and Gauteng.
6 January 2017 – First week brings R4,3 Million worth of narcotics busts
Pretoria, 06 January 2017 – SARS Customs has intercepted seven kilograms of ephedrine and 86 litres of ecstasy worth a total of R4,3 Million during this first week of the year at OR Tambo International Airport. A suspected drug trafficker was arrested on Monday when a SARS Customs officer confiscated 7,2 kg of ephedrine to the […]
26 January 2017 – SARS busts 28.2kg of ecstasy and cocaine in 48-hours
Pretoria, Thursday 26 January 2017 – SARS Customs intercepted 28kg of Ecstasy and Cocaine estimated at over R8-million in two separate incidents at the OR Tambo International Airport in the last 48 hours. In yesterday’s incident, a detector dog reacted positively to a shipment from Sao Paulo via Johannesburg in transit to Windhoek at the OR […]
14 February 2017 – Non-Executive Directors of Companies must register for VAT
Pretoria, Tuesday 14 February 2017 – The South African Revenue Service (SARS) has confirmed the interpretation of the VAT law that requires non-executive directors (NEDs) of companies to register for and charge VAT in respect of any directors fees earned for services rendered as a non-executive director. Two binding general rulings – BGR Nos 40 and 41 were […]
16 February 2017 – SARS warns of new job scams
Pretoria, 16 February, 2017 – The South African Revenue Service (SARS) would like to warn job seekers to be vigilant of exploitation through fraudulent employment offers. SARS has noted a SARS-branded e-mail that is being circulated which confirms acceptance of the recipient into a bogus “SARS Learnership Programme”. The prospective applicant is then instructed to make […]
