September 13, 2017 / 12:41 PM / in 2 months

South Africa misses tax revenue forecast in Q1: minister

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.

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

“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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