Taxes are going up, as anticipated, with top earners feeling the biggest pinch in an effort to raise an additional R28 billion in revenue. Finance Minister Pravin Gordhan has presented a restrained Budget in tough economic conditions, with increasing demand on the fiscus and a R30 billion revenue shortfall this year. This year’s Budget walks the ANC’s talk on “economic transformation” with two-thirds dedicated to “realising social rights” and redistributing resources from the urban economy to rural areas. But the tone of the Budget is subdued with the ever-present danger of President Jacob Zuma’s axe hanging over the Minister and Deputy Minister of Finance. By RANJENI MUNUSAMY.