VIDEO: Breakfast with Pravin Gordhan

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Co-operative Governance Minister Pravin Gordhan says municipalities around the country owed Eskom R10.8 billion at the end of June.

CAPE TOWN - Finance Minister Pravin Gordhan will be expanding on his budget in a special breakfast session this morning.

Yesterday Gordhan delivered his 2016 Budget vote speech in Parliament, and detailed plans to cut government spending while still making R870-billion available for infrastructure development. 

However, the rand still took a beating as foreign investors raised concerns that government plans were not enough to right the economy. 

Opposition parties also said government could have done more to cut spending. 

Gordhan had avoided increasing personal income taxes or Value Added Tax (VAT), in contrast with predictions from economists. 

Watch Gordhan&39;s full Budget speech below: 

 

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