Economists will pay close attention to the preliminary figures released by the tax agency, with an expected shortfall of R42.8bn, writes Sunita Menon
Economists will pay close attention to the preliminary figures released by the tax agency, with an expected shortfall of R42.8bnEconomists will pay close attention to the preliminary tax revenue figures released by the SA Revenue Service on Monday.
Economic weakness has reduced personal income tax and corporate income tax receipts in the past year, but administrative weakness in collection was a contributing factor, said the Treasury. Monday will also see the release of the Absa purchasing managers index , which gauges activity in the manufacturing sector. After falling into contractionary territory in January and February, the PMI will likely remain below the neutral 50-mark in March – a sign the economy remained weak in the first quarter of the year.
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