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National Treasury

Telkom’s new CEO calls for end to spectrum auction delays
Business
/ 5 September 2021

Telkom’s new CEO calls for end to spectrum auction delays

Serame Taukobong says, if done right, the auction of new broadband spectrum will help level the playing field

By Sarah Smit
Basic income grant not on treasury’s watchlist — yet
Business
/ 25 August 2021

Basic income grant not on treasury’s watchlist — yet

Treasury officials will model the effect of the grant on the fiscus if the need arises

By Sarah Smit
How the Eastern Cape blew R23m on land it could never own
National
/ 21 August 2021

How the Eastern Cape blew R23m on land it could never own

Land that cost less than R1m in 2007 was bought by the Eastern Cape government just six years later for R23m, despite a land claim case hanging over it. And then the building tender went sour…

By Khaya Koko
Godongwana ‘will be just fine’
Business
/ 14 August 2021

Godongwana ‘will be just fine’

The new finance minister has a difficult task, but analysts say his political capital will help him hold a hard line on state spending

By Sarah Smit
Non-delivery sparks citizens’ legal action in Eastern Cape
National
/ 8 August 2021

Non-delivery sparks citizens’ legal action in Eastern Cape

Fed-up residents and businesses are turning to the courts to get their local councils to take action on power outages, sewage overflows, unrepaired roads and other failures to deliver services

By Lucas Ledwaba
‘Exciting’ ramp-up for Covid jabs
Coronavirus
/ 30 July 2021

‘Exciting’ ramp-up for Covid jabs

As more vaccines arrive in the country, South Africa could administer 420 000 doses a day

By Sarah Smit
Carbon tax to align to UN treaties
Business
/ 25 July 2021

Carbon tax to align to UN treaties

Amendments to offset regulations published on 8 July give clarity on big emitters carrying old carbon credits to a new framework

By Tunicia Phillips
Violence sparks new calls for basic income grant
Business
/ 22 July 2021

Violence sparks new calls for basic income grant

Analysts agree that economic relief for the poor is needed but are split on whether a grant should be permanent and whether it is affordable

By Sarah Smit
‘We will extinguish the fires that are raging’- Ramaphosa
National
/ 16 July 2021

‘We will extinguish the fires that are raging’- Ramaphosa

There will be no state of emergency, but authorities are working to bring instigators of the week’s violence to book, the president said on Friday night

By Sarah Smit
Treasury mulls lower inflation target
Business
/ 1 July 2021

Treasury mulls lower inflation target

Reserve Bank governor Lesetja Kganyago makes a case for a lower target, though the trade union federation prefers job creation

By Sarah Smit
Kganyago: Monetary policy entails trade-offs
Business
/ 5 June 2021

Kganyago: Monetary policy entails trade-offs

The South African Reserve Bank governor believes the state has to spur growth, restore the country’s public finances and arrest debt to escape the economic slump

By Sarah Smit
Successive EC premiers ‘conceal’ missing R341m for housing
National
/ 28 May 2021

Successive EC premiers ‘conceal’ missing R341m for housing

Hundreds of millions meant for much-needed housing development remains unaccounted for

By Khaya Koko
Sweeter local sales rescue sugar
Business
/ 12 May 2021

Sweeter local sales rescue sugar

The master plan to rescue the industry means that at least 80% of sugar consumption will come from South African farms and millers

By Sarah Smit
No more bailouts for SAA
Business
/ 6 May 2021

No more bailouts for SAA

After 18 months under administration, the loss-making airline has been cleared for takeoff

By Sarah Smit
‘Who is scamming who?’: Sexwale says White Spiritual Boy Trust is real
Business
/ 22 April 2021

‘Who is scamming who?’: Sexwale says White Spiritual Boy Trust is real

The businessman alleges that money from a heritage fund meant for the poor has been stolen. But treasury and the Reserve Bank have called the fund a scam

By Sarah Smit
Budget cuts give bad bosses a break
Business
/ 20 March 2021

Budget cuts give bad bosses a break

A scaled-down labour inspectorate will leave vulnerable workers at the mercy of ‘unscrupulous employers’

By Sarah Smit
SA’s biggest banks remain resilient amid Covid-19 shocks
Business
/ 19 March 2021

SA’s biggest banks remain resilient amid Covid-19 shocks

The sector was badly hit by credit losses, but strong capital buffers have kept it from spiralling

By Sarah Smit
Come what may, the UIF will pay
Business
/ 28 February 2021

Come what may, the UIF will pay

The fund – the main safety net for unemployed workers – will run at an almost R20-billion deficit

By Sarah Smit
Snip, snip: Mboweni eyes wage bill, other future spending cuts
Business
/ 24 February 2021

Snip, snip: Mboweni eyes wage bill, other future spending cuts

Last year, the finance minister noted that increased government spending has failed to promote growth over the past decade

By Sarah Smit
The budget-balancing act takes centre stage
Business
/ 24 February 2021

The budget-balancing act takes centre stage

Finance Minister Tito Mboweni has the difficult task of kick-starting a stalled economy while also cutting on spending

By Sarah Smit
‘Startling’ bounce-back for SA’s labour market — Nids-Cram survey
Business
/ 17 February 2021

‘Startling’ bounce-back for SA’s labour market — Nids-Cram survey

A new data release shows that employment may have reached pre-Covid-19 levels. Still, many who’ve lost their jobs have not managed to get back to work

By Sarah Smit
Dossier fuels fight for auditor watchdog’s top seat
Business
/ 13 November 2020

Dossier fuels fight for auditor watchdog’s top seat

A whistleblower says the former boss of the auditing regulatory body is behind a campaign to have its new chief executive sent packing

By Thando Maeko
SAA  in talks to recoup R350-million in blocked funds from Zimbabwe
Business
/ 21 October 2020

SAA in talks to recoup R350-million in blocked funds from Zimbabwe

The cash-strapped national carrier is in the process of recouping its blocked funds from Zimbabwe, which could go towards financing the airline’s business rescue plan

By Thando Maeko
Government misses the mark on the recovery plan
Business
/ 27 September 2020

Government misses the mark on the recovery plan

Government, labour, business and community have come up with a combined economic recovery plan amidst three others to help kickstart the economy. Some are new, while others are old and falter in not taking into account the ‘new normal’

By Tshegofatso Mathe
Government kickstarts the National Infrastructure Fund
Business
/ 17 August 2020

Government kickstarts the National Infrastructure Fund

Treasury, the department of public works’ Infrastructure in South Africa, and the DBSA have signed a memorandum of agreement that mandates the bank to establish and manage the fund

By Tshegofatso Mathe
IEC ready for elections despite budget and Covid setbacks
Politics
/ 7 July 2020

IEC ready for elections despite budget and Covid setbacks

The Electoral Commission of South Africa said next year’s local government elections will go ahead despite the pandemic as it has plans in place to keep employees and voters safe

By Lester Kiewit
Mogajane: SA will stay on growth path
Article
/ 29 April 2020

Mogajane: SA will stay on growth path

Government’s response to the coronavirus is unlikely to counteract the expected sharp decline of the country’s gross domestic product

By Thando Maeko
Covid-19 economic relief package gets a R800-billion boost
Article
/ 24 April 2020

Covid-19 economic relief package gets a R800-billion boost

Finance Minister Tito Mboweni has outlined the fiscal and monetary policy interventions implemented by the government in its fight against Covid-19

By Tshegofatso Mathe and Thando Maeko
Budget 2020 — Tito squares up to unions with wage cuts
Article
/ 26 February 2020

Budget 2020 — Tito squares up to unions with wage cuts

Finance minister warns “we cannot have all things we want at the same time” and tables cuts in things like the public wage bill in a R1.84 trillion budget

By Tshegofatso Mathe
Sars expects to collect less revenue for the year
Article
/ 26 February 2020

Sars expects to collect less revenue for the year

The revenue service is expecting another year of tax undercollection thanks to weak economic growth and strained consumers.

By Thando Maeko
Moody’s axe likely to fall on ordinary South Africans
Article
/ 26 February 2020

Moody’s axe likely to fall on ordinary South Africans

The ratings agency is scheduled to announce its decision on a possible downgrade of SA credit worthiness on March 27

By Thando Maeko
Ramaphosa bets big on infrastructure to boost economy
Article
/ 19 February 2020

Ramaphosa bets big on infrastructure to boost economy

Sona was a mixed bag but there were some meaningful announcements

By Makhanda Ka Lima
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