| eNCA

More money for Eskom as fuel levies and sin taxes spike

Finance Minister Tito Mboweni talks tough on SOE lending and slashes public sector wage bill.

Finance Minister Tito Mboweni said the revenue service is also going to be fixed.

As a whole, education will receive R386,4-billion a year from the national coffers.

Finance Minister Tito Mboweni says the frequent funding requests by the SOE’s is posing a serious risk to the fiscal framework.

Finance Minister Tito Mboweni said sin taxes are increasing between 7,4 percent and 9 percent.

A salary freeze will be implemented for MPs, Finance Minister Tito Mboweni said.

Further financial support to Eskom would depend on economic growth, electricity tariffs and the implementation of the company's strategy.

Last year, Value Added Tax was hiked for the first time in years, up to 15 percent, further squeezing wallets.

Finance Minister Tito Mboweni will deliver his maiden budget speech on Wednesday.

Finance Minister Tito Mboweni presents his budget speech on Wednesday.