SARS saga follows Gordhan on investor roadshow

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Co-operative Governance Minister Pravin Gordhan says municipalities around the country owed Eskom R10.8 billion at the end of June.

JOHANNESBURG - Pravin Gordhan says his spat with the South African Revenue Service (SARS) was raised during meetings with international investors this week. 

The Hawks are investigating allegations of a spy unit at SARS which it is claimed conducted illegal surveillance on taxpayers.

The unit was set up during Gordhan tenure as head of SARS, He has however dismissed the allegations.

The minister and the Sars commissioner Tom Moyane, have butted heads over the spy unit.

Gordhan missed last week&39;s deadline to answer questions by the Hawks about the controversial unit, saying he would address the SARS issue at a more convenient time, once he has dealt with more pressing matters.

The Finance Minister is on a road show to allay investor fears.

So far, he has held talks in London, Boston and New York.

Her visit comes as ratings agency Moody&39;s is set to review the South African economy. 

Moody’s will be visiting South Africa for its annual review during the period of 16 to 18 March.

The agency currently rates South Africa two notches above sub-investment grade for foreign currency debt.

The agency will look into the likelihood of a reversal in the country’s economic decline.

It&39;s also concerned about the impact of the drought, low commodity prices and labour unrest.

Last year, growth fell to 1.3 percent, the slowest pace since 2009.

 

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