President Jacob Zuma has removed Nene as the minister of finance and replaced him with ANC MP David van Rooyen.
Aside from the usual rise in sin taxes, petrol, electricity and income tax are going up, while small businesses are getting some reprieve.
All eyes will be on Nhlanhla Nene on Wednesday when he tells South Africans exactly how the treasury plans to plug the country’s fiscal gap.
South Africa has reached an economic crossroads and the finance minister has outlined a three-point plan that is going to affect everyone.
President Jacob Zuma has removed Nene as the minister of finance and replaced him with ANC MP David Van Rooyen
The government expects to grow its tax base by allowing companies to increase the amount they can transfer out of South Africa in foreign capital.
Unspent funds will be allocated elsewhere if projects aren't implemented, warns Gordhan.
Can he contain the public sector wage bill without sparking more devastating strikes?
High and low earners also found some cheer in a budget focused on stimulating growth.
From the DA hoping to hear about cutting state spending to Numsa's demand for decent jobs, here's what some groups expect from the budget speech.
Join our live video to discuss Finance Minister Pravin Gordhan's budget speech - all the highlights, lowlights, and surprises.
South African bonds were strengthened as the currency appreciated somewhat, but some analysts feel the bolstering is a temporary one.
The country's three-year budget framework has been met with mixed reaction, with opposition parties saying they are discouraged.
Finance minister Pravin Gordhan’s "careful control of the wage Bill" will impact negatively on health service delivery, says a health economist.
The allocation to school infrastructure in the mid-term budget is inadequate, writes David Macfarlane.
Finance Minister Pravin Gordhan has announced sweeping cuts to the pricey perks enjoyed by civil servants.
During his medium-term budget policy speech Finance Minister Pravin Gordhan kept the rhetoric upbeat and SA's purse strings tight, as expected.
We look at the Oscar Pistorius hearing, Mamphela Ramphele's new political party, Sona, the upcoming budget speech and the artful Design Indaba.
Pravin Gordhan will be faced with the tough choice of raising SA's debt levels or pushing tax hikes when he delivers his 2013 budget later this week.