Infographic: Budget 2018 simplified

It's about to be a long year. (David Harrison/M&G)

It's about to be a long year. (David Harrison/M&G)

In his inaugural budget speech, delivered on Wednesday afternoon, Finance Minister Malusi Gigaba described the budget as “tough, but hopeful”.

For the first time since 1993, the government will raise Value-Added Tax (VAT) in an attempt to plug the massive funding hole in the national budget. Below is a simplified infographic on what else to look out for.

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Kiri Rupiah

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