Former LBC manager Narcizio Makwakwa says there are plans for the establishment of a new center for large companies and wealthy individuals.
JOHANNESBURG – The Nugent Committee of Inquiry has heard that there are plans at the South African Revenue Service (Sars) to re-establish the Large Business Center (LBC), a one-stop shop for large taxpayers.
Former LBC manager Narcizio Makwakwa has testified in the investigation of Sars in Pretoria.
The committee heard how the introduction of a new business model by the suspended Sars commissioner Tom Moyane led to the dismantling of the LBC, which caused considerable inefficiencies and lost revenue.
Commissioner Michael Katz proposed a solution for Makwakwa.
"I'm sure the LB hub is coming back – it may look the same as in the past, but the concept has been approved, even the management committee has agreed and we have a project team."
Makwakwa says that there are plans to set up a new center for large companies and wealthy individuals.
"It is fair to say that the only way to solve the problems of fragmentation is to have an organizational structure that represents the old LBC."