WATCH LIVE: Pravin Gordhan's medium-term budget speech

Finance Minister Pravin Gordhan presents his 2016 medium-term budget speech in Parliament.

Gordhan's medium-term budget policy statement will be a juggling act in which he has to stick to spending commitments, factor in new demands, and curb spending - all while revenue is likely to be under pressure.

Note: This live stream is due to start at 2pm.

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• South Africans can expect significant tax increases next yearSignificant tax increases are in the pipeline next year as the Treasury grapples with sluggish economic growth‚ student demands for free education and lower revenue collection.
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