Companies dip into PAYE to fund cash flow as economy worsens

PUBLISHED: Tue, 12 Dec 2017 16:08:53 GMT


The South African Revenue Service reported that tax revenue collection has almost doubled in the past 10 years with over R1.1 trillion collected. The collection was mainly supported by personal income tax which grew by 9.4 per cent.

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.