The SA Chamber of Commerce and Industry has slated an increase in capital gains and corporate taxes.
The Treasury is to take new measures to fight corruption in the procurement process and will review the validity of all property leases signed by the state.
The National Treasury will issue new bonds to smooth the maturity structure of its debt, according to the budget statement.
A narrower budget deficit is likely to reassure the markets that the government is keeping spending in check.
The authorities are to clamp down on tax evaders, says the finance minister, while a voluntary disclosure programme yielded more than R1bn in revenue.
MONEY TALKS:: Finance Minister Pravin Gordhan delivers his Budget speech at Parliament in Cape Town. (Schalk van Zuydam, AFP)
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