LIVE: Gigaba presents mid-term budget
Finance minister Malusi Gigaba is delivering his maiden mid-term budget policy statement in Parliament on Wednesday.
He's walking a budgetary tightrope.
Gigaba is having to contend with ailing state-owned enterprises, low economic growth and the state's budget deficit.
Economists believe this budget will be scrutinised even more closely than others due to the precarious nature of the country's finances.
Economist: SA experiencing an investment recession
Efficient Group economist Francois Stofberg says Gigaba's appointment as finance minister in April has led to more uncertainty.
"Last week we heard that they're thinking of moving the budgetary process away from Treasury towards the Presidency itself.