SARS revenue collection has crossed a major milestone, with the South African Revenue Service reporting preliminary net revenue of R2.010 trillion for the 2025/26 financial year ended 31 March 2026, reports Cape {town} Etc.
The figure puts the tax authority R24.7 billion above the estimate set in Budget 2025 and marks 8.4% growth year on year.
SARS said the result came from compliance initiatives, improved administrative efficiencies and a marginal contribution from the mining sector.
Commissioner Edward Kieswetter said, ‘Collecting over R2 trillion is not an accident, but the outcome of the more than 14 500 employees who diligently perform millions of activities meticulously to achieve this record collection.’ See SABC News clip below:
WATCH | SARS Commissioner Edward Kieswetter says that over the past 32 years, SARS has collected about R25 trillion in tax revenue. He was announcing preliminary revenue collection figures for the 2025/26 financial year. pic.twitter.com/T5EZEflXHW
— SABC News (@SABCNews) April 1, 2026
He added that ‘every rand not only helps build a capable state’ and strengthens fiscal integrity.
Congratulations are in order . pic.twitter.com/Ykeg7OhvBH
— Bantu Holomisa (@BantuHolomisa) April 1, 2026
The revenue service also warned that illicit trade remains a serious threat to the fiscus.
Kieswetter said, ‘There is no such thing as a cheap deal in the illicit economy’, adding that SARS will continue to work with law enforcement to disrupt criminal networks.
The agency said it has prevented an estimated R75 billion in leakage through targeted investigations, audits and verification processes
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Picture: @EdKieswetter / X
