Business Recorder - News https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Thu, 13 Aug 2026 07:38:55 +0500 Thu, 13 Aug 2026 07:38:55 +0500 60 South Africa 2010/11 revenue 674.2 billion rand https://www.brecorder.com/news/9680/south-africa-201011-revenue-6742-billion-rand <p class="MsoNormal"><img style="margin-bottom: 10px; margin-right: 10px; float: left;" src="https://i.brecorder.com/images/stories/pics2011/mar/PAERVAV.404.jpg" width="400" height="200" />PRETORIA: South Africa collected 674.2 billion rand ($99.61 billion) in revenue in the fiscal year ended March 31, slightly more than a target of 672.2 billion rand, Finance Minister Pravin Gordhan said on Friday.</p> <p class="MsoNormal">"The remarkable performance that SARS (South African Revenue Service ) is reporting indicates that our economy is recovering," Gordhan said, adding the fiscal deficit for 2010/11 was likely to be 5.0 percent of GDP, lower than the previous forecast of 5.3 percent.</p> <p class="MsoNormal">                       <Center /><b><i>Copyright Reuters, 2011</b></i><br /></center></p> PRETORIA: South Africa collected 674.2 billion rand ($99.61 billion) in revenue in the fiscal year ended March 31, slightly more than a target of 672.2 billion rand, Finance Minister Pravin Gordhan said on Friday.

"The remarkable performance that SARS (South African Revenue Service ) is reporting indicates that our economy is recovering," Gordhan said, adding the fiscal deficit for 2010/11 was likely to be 5.0 percent of GDP, lower than the previous forecast of 5.3 percent.

                      

Copyright Reuters, 2011

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