September 13, 2017 / 12:41 PM / 6 days ago

South Africa misses tax revenue forecast in Q1: minister

South Africa's Finance Minister Malusi Gigaba addresses a news conference in Pretoria, South Africa April 4, 2017. REUTERS/James Oatway

CAPE TOWN (Reuters) - South Africa’s revenue service collected 13.1 billion rand ($999 million) less tax than forecast in the first quarter of the financial year, Finance Minister Malusi Gigaba told lawmakers on Wednesday.

“We are currently assessing the implications of this for the fiscal framework,” Gigaba said. The first quarter of the financial year ran until the end of June.

($1 = 13.1099 rand)

Reporting by Wendell Roelf; Editing by Joe Brock

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