Budget 2018 preview by Prof Alex van den Heever

Wednesday's budget will attempt to balance the books of the country and outline spending priorities. And Finance Minister, Malusi Gigaba, could be the bearer of bad news. Speculation is rife that Personal Income taxes and VAT on retail goods might be hiked, to plug the revenue shortfall. Economists say this time rating agencies and the markets will not only be looking at how government plans to reign in debt but may be concerned if the tax hikes are excessive. For more news, visit: sabcnews.com