SARS steps up effort to disrupt illicit economy, draws red line against corruption and non-compliance with Tax and Customs law

The South African Revenue Service (SARS) is fully behind the National Illicit Economy Disruption Programme announced by President Ramaphosa in his SONA address. SARS is committed to eradicating all forms of corruption, collusion, and criminal subversion of customs and tax processes, internally and externally. SARS’s Illicit Economy Strategy prioritises corruption and fraud in government departments.

Trade Statistics for January 2026

South Africa recorded a preliminary trade balance surplus of R9.3 billion in January 2026. This surplus was attributable to exports of R155.8 billion and imports of R146.5 billion, inclusive of trade with Botswana, Eswatini, Lesotho and Namibia (BELN).

SARS welcomes the revised revenue estimate for the 2025/26 fiscal year

The Commissioner for the South African Revenue Service (SARS), Edward Kieswetter, welcomes the revised revenue estimate presented by the Honourable Minister of Finance, Enoch Godongwana. SARS will spare no effort to achieve the revised revenue estimate as it monitors South Africa’s fiscal environment and key macroeconomic indicators. SARS will align its strategy and operations to sustain its revenue performance and protect the fiscus.

Trade Statistics for December 2025

30 January 2026 – South Africa recorded a preliminary trade balance surplus of R23.2 billion in December 2025. This surplus was attributable to exports of R164.3 billion and imports of R141.1 billion, inclusive of trade with Botswana, Eswatini, Lesotho and Namibia (BELN).

Trade Statistics for November 2025

South Africa recorded a preliminary trade balance surplus of R37.7 billion in November 2025. This surplus was attributable to exports of R188.0 billion and imports of R150.3 billion, inclusive of trade with Botswana, Eswatini, Lesotho and Namibia (BELN).

Collective engagement to exchange readily available information on immovable property

In recent years, tax policy developments have greatly enhanced cross-border exchanges of tax information and international cooperation between tax administrations, combating offshore tax non-compliance and tax secrecy on financial accounts. This includes delivering transparency through automatic exchange of financial assets (through the Common Reporting Standard) and crypto-assets (through the Crypto-Asset Reporting Framework).