Watch: Finance Minister Enoch Godongwana's Budget Speech Summarized in 1 Minute

Finance Minister Enoch Godongwana made a number of points that will impact all South Africans. Here are the major items that were tabled:

The government will take over R254 billion of Eskom's R423 billion debt to address its financial position and enable necessary investment and maintenance.

Tax incentives will be introduced for individuals and companies to invest in renewable energy, including a rebate of 25% of the cost of rooftop solar panels for individuals.

Social grants will increase from R233 billion to R248.4 billion to accommodate the increased number of recipients, including inflation-linked increases for other social grants.

Income tax rates will not be increased, and personal income tax brackets will be fully adjusted for inflation, increasing the tax-free threshold.

The sugar industry will receive relief from the sugar tax, while excise duties on alcohol and tobacco will increase by 4.9%.