Finance minister Tito Mboweni has painted a grim economic outlook for the country in his Medium Term Budget Policy Statement.

He's told parliament that revenue collection shortfalls, as well as high debt servicing costs, are putting a severe strain on the fiscus. He's warned that things need to be done differently in the country - if the economy is to return to meaningful economic growth.

For more analysis on the mid-term budget, we are joined from our Pretoria studio by Siya Biniza, the Director of the Political Economy Southern Africa.

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