Economic forecast for Finance Minister Tito Mboweni's budget speech

All eyes will be on South Africa's Minister of Finance Tito Mboweni tomorrow as he delivers this year's budget speech. Some of the questions being asked by consumers include whether tax increases will be the only option that the Minister will have to recoup necessary budget to continue with relief options presented by the President during the State of the Nation Address two weeks ago. In addition consumers are asking how to prepare financially after a year like 2020 which was filled with budget adjustments and emergency relief, predominately due to the unexpected impact of the Coronavirus, and what relief they will receive for their financial woes that resulted from the year.

GUEST: Isaah Mhlanga, Chief Economist at Alexander Forbes