SARS Exceeds Revenue Collection Targets Despite Economic Challenges | Jashwin on Newzroom Afrika

Jashwin Baijoo (Head of Strategic Engagement & Compliance) was interviewed by Newzroom Afrika, where he unpacked the pertinent tax and mobility considerations surrounding High Wealth Individuals, as discussed in the 2023/24 Revenue Results Announcement on 2 April 2024.
He discussed the trend of high-net-worth individuals relocating and transferring their wealth out of South Africa, especially pre-elections, as a defence against uncertainties. Although legal, this strategy negatively affects the economy. He further stressed the crucial role of tax revenue for economic stability, cautioning that its decline could lead to poorer service delivery or force the government to seek alternative funding solutions, possibly increasing national debt.
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