The Special Investigation Unit also has its sight on former finance deputy minister Sfiso Buthelezi, whose company allegedly received R110 million fraudulently
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The Tax Free Savings Account is designed to encourage a savings culture, without having to pay tax on the earned interest
The agency has been sitting on a damning report for a year and there’s still no sign of movement
Despite opposition calling for a reshuffle, the finance ministry has confirmed that Malusi Gigaba will still present the 2018 budget speech
Deputy minister of finance Sfiso Buthelezi says the allegations are “unfounded, baseless and are causing unnecessary panic".
Zuma said the Cabinet was reshuffled "to improve efficiency and effectiveness"
The president contacted affected cabinet ministers individually ahead of the formal announcement
Democratic Alliance MP David Maynier told the Mail & Guardian that Buthelezi’s appointment to the standing committee on finance was "significant".