Trade Statistics for April 2024
South Africa recorded a preliminary trade balance surplus of R10.5 billion in April 2024 attributable to exports of R169.5 billion and imports of R159.1 billion.
Findings and recommendations of the Time Release Study conducted at the Oshoek port of entry between South Africa and eSwatini
The Customs Division of the South African Revenue Service (SARS) and the Eswatini Revenue Service (ERS) today made public the findings of a Time Release Study (TRS) on the flow of trade between Eswatini and South Africa at the Oshoek / Ngwenya border post that the two countries share.
Trade statistics for March 2024
South Africa recorded a preliminary trade balance surplus of R7.3 billion in March 2024. This surplus was attributable to exports of R164.1 billion and imports of R156.8 billion, inclusive of trade with Botswana, Eswatini, Lesotho and Namibia (BELN).
Non-profit sector in South Africa assessed for exposure to terrorist financing risk
South African government and private sector partners published a report on the terrorist financing risk assessment on the non-profit organisation (NPO) sector that will result in focused, proportionate, and risk-based measures to mitigate the identified risks.
SARS media statement on constitutional court judgement
The South Africa Revenue Service (SARS) wishes to comment briefly on the decision of the Constitutional Court issued on 12 April 2024 in the matter between Capitec Bank Limited v SARS.
Compliance efforts of SARS bear fruit and underpin the positive revenue results despite the tough prevailing economic conditions
The South African Revenue Service (SARS) is pleased to announce its preliminary revenue collection outcome for the 2023/24 fiscal year.
Trade Statistics for February 2024
South Africa recorded a preliminary trade balance surplus of R14.0 billion in February 2024. This surplus is attributable to exports of R161.8 billion and imports of R147.8 billion.
Taxpayers called to settle tax payments with SARS this week
As the tax revenue financial year draws to a close this week, the South African Revenue Service (SARS) has labelled March a priority month for taxpayers and traders to settle their tax and customs payments and tax and customs debt on or before the last business day of this month, which is Thursday, 28 March 2024.
SARS welcomes High Court decision on BPSA
The Commissioner for the South African Revenue Service (SARS), Mr Edward Kieswetter, welcomed the High Court decision, which dismissed an application for leave to appeal by British Petroleum of South Africa (BPSA) to review the Commissioner’s decision to refuse its refund claims and levy forfeiture under the Promotion of Administrative Justice Act (PAJA).
Trade statistics for January 2024
Today, the South African Revenue Service (SARS) releases trade statistics for January 2024, recording a preliminary trade balance deficit of R9.4 billion. The deficit is attributable to exports of R144.3 billion and imports of R153.7 billion, inclusive of trade with Botswana, Eswatini, Lesotho and Namibia (BELN).
