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South Africa risks tax revolt, bailouts over govt graft

The Cape Town headquarters of the South African Revenue Service (SARS) is seen in this picture taken March 1, 2016. [Reuters]

South Africans could start withholding their tax payments due to years of corruption which might force the country to seek an international bailout, the chief of the revenue service said on Monday.

Africa’s most industrialised economy has seen revenue collection fall sharply since 2015 due to weak economic growth and maladministration, leading President Cyril Ramaphosa to fire the revenue service boss last November in the wake of a judicial inquiry that has triggered an executive clean out.

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