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The 2021 annual budget speech by the finance minister took place in Cape Town on February 24 2021. All eyes were on Tito Mboweni as South Africans were looking forward to a growth-inspiring budget. Things like fuel levies, sin tax and debt were increased while personal taxes were largely unchanged.

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The minister urged communities to avoid destroying infrastructure during protests as this sets the government back in its endeavours.

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The Budget speech sets the stage for what is likely to be a slow and difficult recovery from the pandemic over the next three years.

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