WATCH: Gigaba discusses his 2018 budget speech

CAPE TOWN, 21 February 2018 - Finance Minister Malusi Gigaba speaks after delivering his maiden full-term budget speech. Video: eNCA

CAPE TOWN - Finance Minister Malusi Gigaba says the budget was a tough balancing act, with cuts in certain areas and tax increases in others.

Gigaba joined eNCA Moneyline's Siki Mgabadeli to discuss his budget speech.

On Wednesday afternoon the minister announced increases in VAT and other taxes to generate an additional R36-billion this financial year.

Watch the full interview above.

 

eNCA

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