Cape Town 101028. Deputy Finance Minister, Nhlanhla Nene is his 120 Plein Street office. PHOTO SAM CLARK, CA, Gaye Davis

Pretoria - South Africa's economy is expected to grow at a moderate pace but is still performing below potential, Finance Minister Nhlanhla Nene said on Tuesday.

“Attaining the desired levels of growth over the medium term is an important collective responsibility which calls for far greater synergy and cooperation than we experienced during the past two decades of our freedom,” Nene said at the launch of the new tax season.

The Treasury was still targeting revenue collection of nearly 1 trillion rand for the 2014/15 financial year, he added. - Reuters