The amnesty succeeded beyond all expectations of the authorities. More than 42 000 people applied for amnesty and more than 99 per cent of these applicants were granted amnesty. All four stated goals of the amnesty were achieved. First, amnesty applicants disclosed undeclared receipts and accruals amounting to R1,36 billion, which will increase the personal income tax base by an estimated R400 million.
Secondly, applicants who disclosed previously unauthorised assets are shielded from prosecution. Moreover, the amnesty legislation also relieved banks and financial advisors from reporting responsibilities in terms of the South African Financial Intelligence Centre Act, thus protecting the applicants. In terms of the third objective, applicants disclosed around R 68,9 billion in foreign assets, of which R 45 billion constituted unauthorised foreign assets.