Read Finance Minister Tito Mboweni's full speech.

In early trade the rand was at R14.58 per dollar.

Expected to outline steps to revive an economy.

Budget is expected to focus on the trend of tax enforcement and improved collections.

'We need to be investing in a state that can manage a growing economy and efficiently deliver public services to all South Africans.'.

Budget gap may narrow due to higher tax collections.

Rather than increase taxes for citizens – who have reached their taxation ceiling – an unprecedented solution may be in order.

But there is ‘good reason for it to come back to life in a new form’ with the potential of future ‘lockdown waves’.

The fiscal situation is ‘less horrible now, but in the end our budget deficit is probably going to be a little bit smaller’ – Wikus Furstenberg from Futuregrowth Asset Management.

Plugging the leaks would be better than resorting to a wealth tax, vaccination tax, solidarity tax, or general tax increase.

Country faces fiscal cliff if issue is not addressed.

Ratings agency says debt will increase.

Plan to slash public-sector wage bill needs to focus on ‘overpaid senior executives and politicians’.

Finance Minister Tito Mboweni has to walk a fine fiscal line.

Who will bear the brunt?