Busy data week ahead with tax take dominating

JOHANNESBURG - There will be a Àurr\ of data releases next week as there will be the normal start-of-themonth data releases, but the event that will mostly likely to dominate is the media briefinJ on the 2017/18 Tax take by Finance Minister Nhlanhla Nene and acting South Africa Revenue Service (SARS) Commissioner Mark Kingon, which will take place in Pretoria at 11am on Tuesday.

The 6$56 said at its media briefing on the Ta[ 6tatistics that 3ersonal ,ncome Ta[ 3,T had supported revenue collections last ta[ year, but it e[pected a turnaround in ta[ collections as the economy improved after a slowdown in

.

Ta[ revenue collected amounted to 5 . trillion in

, which was a . increase. 3,T on the other hand grew by higher rate of . and contributed . of revenue collected compared with . in when other ta[es shared more of the ta[ burden.

2n Tuesday we also have the start of the month releases with the $bsa March purchasing managers’ inde[ 3M, first up in the morning and then )ebruary new vehicle sales and e[ports in the afternoon.

The %ureau for (conomic 5esearch %(5 $bsa manufacturing inde[ rose to . in -anuary from . in December and . in November. The business e[pectations inde[ rose to

. in )ebruary from . in -anuary, . in December from

, in November as purchasing managers believe a change in the $frican National Congress leadership will result in stronger economic growth this year. The business activity output inde[ Mumped to . in )ebruary from

. in -anuary and . in December. The new sales orders inde[ rose to . in )ebruary from . in -anuary and . in December. The employment inde[ edged down to . in )eb- ruary from . in -anuary and . in December.

The National $ssociation of $utomobile Manufacturers of 6$ Naamsa new vehicle sales dropped by . y y in )ebruary after falling by . y y in -anuary and rising by , in

. New car sales slipped by . y y in )ebruary after falling by . y y in -anuary, while light commercial vehicle sales fell by . y y after dropping by . y y and medium commercial vehicle sales declined by . y y after easing by . y y, while heavy vehicle sales slumped by . y y after growing by . y y.