South African Revenue Service (Sars) commissioner Edward Kieswetter has warned of an possible revenue under-recovery of up to R285-billion for 2020/21, while also raising alarm over the potential negative revenue impact that could arise as a result of a loss of economic capacity due to business closures and job losses in the wake of the country’s Covid-19 lockdown. Speaking during a media briefing on May 5, Kieswetter indicated that an initial reassessment of the country’s revenue performance in light of its response to the pandemic, as well as the recent downgrade of the country’s credit rating to junk, pointed to a 15% to 20% slump relative to the revenue forecast of R1.43-trillion provided in the February Budget.