First published Oct 21, 2026, 1:09:15 PM UTC · Last updated Oct 21, 2026, 1:09:15 PM UTC

Gross tax revenue forecast revised upwards

South Africa’s 2026/27 gross tax revenue forecast was revised upwards by R17.1 billion, with stronger-than-expected corporate income tax, dividends tax and VAT collections cited. The finance minister said higher commodity prices contributed to the improvement, with those gains expected to dissipate over the medium term.

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Affected location: South Africa

Illustrative image: Tax revenue of the national budget of Lithuania (including municipal budgets) by type of tax. Year 2013 Source: Ministry of Finance, http://www.finmin.lt/finmin.lt/failai/nacionalinio_biudzeto_surinkimas/ketv/2013_metai_EN.pdf — No longer a penguin/Wikimedia Commons, CC BY-SA 4.0

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Why it matters

The update changes South Africa’s gross tax revenue outlook for 2026/27 and identifies the revenue sources behind the revision.

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