Addressing journalists in Cape Town on the first day of the 2004/05 financial year on Thursday, Manuel said the revenue service had virtually met its target and collected R302,86 billion.
"This means that the country's finances are in good health."
Manuel said the key taxes had performed well. Corporate tax had come in on target at R60,65 billion, personal income tax had come in at R98,2-billion and Value Added Tax (VAT) had come in slightly below R81-billion.
Manuel said customs duty was only slightly below target despite a significant decline in the value of imports.
"Our success during the last financial year bodes well for an equally good performance in meeting the revenue target of R333,7-billion for 2004/05," he said - Sapa.
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