{"id":377117,"date":"2020-02-26T08:34:04","date_gmt":"2020-02-26T06:34:04","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=377117"},"modified":"2020-02-26T13:25:46","modified_gmt":"2020-02-26T11:25:46","slug":"where-to-watch-the-budget-speech-2020-live-and-what-you-can-expect","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/budget-speech\/377117\/where-to-watch-the-budget-speech-2020-live-and-what-you-can-expect\/","title":{"rendered":"Where to watch the Budget Speech 2020 live \u2013 and what you can expect"},"content":{"rendered":"<p>Finance minister Tito Mboweni will deliver the national Budget Speech at 14hoo on Wednesday (26 February).<\/p>\n<p>The budget speech can be viewed through several channels, including TV services like DStv, news channels, and live-streaming sources like YouTube.<\/p>\n<p>You can watch the Budget Speech from the following sources:<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/www.youtube.com\/watch?v=40umNPQimgU&amp;feature=emb_title\" target=\"_blank\" rel=\"noopener noreferrer\">eNCA<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/www.youtube.com\/user\/ParliamentofRSA\/videos\" target=\"_blank\" rel=\"noopener noreferrer\">Parliament TV<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/www.youtube.com\/user\/sabcdigitalnews\" target=\"_blank\" rel=\"noopener noreferrer\">SABC<\/a><\/strong><\/li>\n<\/ul>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/40umNPQimgU\" width=\"640\" height=\"338\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/2ipO-hE4Crk\" width=\"640\" height=\"338\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><strong>What to expect from the Budget Speech\u00a0<\/strong><\/p>\n<p>Mboweni is expected to touch on a number of important issues during his budget speech including tax hikes, government salaries, and the country&#8217;s growing debt problems.<\/p>\n<p>Key to this will be austerity measures around government spending. Projections tabled in the Medium-Term Budget Policy Statement (MTBPS) in October 2019 suggest that the <strong><a href=\"https:\/\/businesstech.co.za\/news\/budget-speech\/376695\/tax-hikes-will-only-push-more-south-africans-leave-the-country-allan-gray\/\" target=\"_blank\" rel=\"noopener noreferrer\">fiscal deficit<\/a><\/strong> is heading towards 6.5% of GDP, said Allan Gray economist Sandy McGregor.<\/p>\n<p>\u201cThe immediate problem has been caused by the effective bankruptcy of Eskom and certain other parastatals,\u201d he said.<\/p>\n<p>\u201cThis has triggered a crisis caused by a decade of unsustainably large increases in the public wage bill.\u201d<\/p>\n<p>Mboweni is also expected to announce a number of tax hikes and adjustments, with some economists warning of a possible <strong><a href=\"https:\/\/businesstech.co.za\/news\/business\/375669\/beware-this-new-tax-could-be-announced-next-week-for-south-africans\/\" target=\"_blank\" rel=\"noopener noreferrer\">&#8216;one-off wealth tax<\/a><\/strong>&#8216; as well as a VAT increase.<\/p>\n<p>Other tax <strong><a href=\"https:\/\/businesstech.co.za\/news\/budget-speech\/375909\/these-tax-changes-could-hit-south-africans-hard\/\" target=\"_blank\" rel=\"noopener noreferrer\">issues<\/a> <\/strong>Mboweni is expected to cover include:<\/p>\n<ul>\n<li>Medical tax credits;<\/li>\n<li>Fiscal drag;<\/li>\n<li>An increase in fuel levies;<\/li>\n<li>An increase in sin taxes;<\/li>\n<li>An increase in the sugar tax.<\/li>\n<\/ul>\n<p>However, analysts have warned that even if Mboweni presents a &#8216;good&#8217; budget, it is unlikely to stop South Africa\u2019s march to junk.<\/p>\n<p>Of 19 economists surveyed by <strong><a href=\"https:\/\/businesstech.co.za\/news\/budget-speech\/376277\/mbowenis-budget-unlikely-to-stop-south-africas-march-to-junk\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bloomberg<\/a> <\/strong>this month, 14 expect Moody\u2019s to downgrade the country to junk this year and nine of those say it\u2019ll happen in the first half.<\/p>\n<p>That\u2019s after the ratings company in November cut the outlook on the nation\u2019s assessment to negative and said it would look to the 26 February budget for a feasible strategy to contain rising debt.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/business\/375669\/beware-this-new-tax-could-be-announced-next-week-for-south-africans\/\" target=\"_blank\" rel=\"noopener noreferrer\">Beware: This new tax could be announced next week for South Africans<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance minister Tito Mboweni will deliver the national Budget Speech at 14hoo on Wednesday (26 February).<\/p>\n","protected":false},"author":10,"featured_media":279651,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13716],"tags":[26],"class_list":["post-377117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budget-speech","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/377117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=377117"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/377117\/revisions"}],"predecessor-version":[{"id":377347,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/377117\/revisions\/377347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/279651"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=377117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=377117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=377117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}