Latest articles on Treasury

Zondo commission: Lynne Brown reportedly says ‘eish’ when told of Zuma’s alleged Eskom meddling

More allegations against Jacob Zuma put before the state capture commission, as the questions the former president will have to answer when he appears next week continue to stack up

Zondo commission’s own goal buys key Eskom witness more time

A string of errors saw Deputy Chief Justice Raymond Zondo chastise the commission’s team as he was forced to allow a vital Eskom witness more time, when the commission has very little left

Zondo commission testimony: Billions wasted at Eskom

As the testimony about how Eskom was captured is heard, former high ranking officials feign shock and can’t explain how multimillion-rand contracts were paid before a single deliverable was met

SAA funds may need a top-up

Industry experts predict the R10.5-billion from the treasury to rescue the airline may not be enough, but the rescue practitioners say the money is enough to ‘settle the sins of the past’

Covid-19 causes Acsa to dust off its begging bowl

The SOE has asked the government for R3.5-billion in extra support over the next three years to offset losses incurred because of the pandemic

SA has a retirement savings crisis

Limited understanding of finances and a low income means that millions of South Africans either don’t or can’t put money aside for when they’re older

State’s wage freeze sparks apoplexy

Public sector unions have cried foul over the government’s plan to freeze wages for three years and have vowed to fight back.

Mboweni plans to freeze public sector wage increases for the next three years

The mid-term budget policy statement delivered by the finance minister proposes cutting all non-interest spending by R300-billion.

Too broke for Mboweni to budget

The scramble to find cash for an SAA bailout, Covid-19 grants and civil servants’ demands force postponement of mini-budget

No need to worry about the mid-term budget being postponed, say economists

Minister of Finance Tito Mboweni has asked for a week’s delay in presenting the medium term budget policy statement.

Hollowing of skills and defunding of Stats SA works for a failing state

Perhaps the government does want us to know how bad things really are

Eskom and treasury fight needs urgent attention

Early signs of instability are creeping into struggling power utility as forces fighting for space in the parastatal take battle to the very top at Megawatt Park

Auditor general points to the state’s flaws enabling Covid-19 graft

AG Kimi Makwetu’s ‘real-time’ audit of contracts and relief schemes indicate ‘a higher risk of fraud and abuse of funds’

Eskom and treasury locked in multibillion-rand tender bunfight

Independent investigation into Eskom reveals fractious board discussions, involving accusations and counter-accusations, as allegations of corruption sink contract

The PPE bonanza and how ‘flukes’ made people millions

More than R10-billion has been spent on PPE. But healthcare workers say they are not getting enough masks and other gear to keep them safe from Covid-19. Sarah Smit, Paddy Harper and the M&G Data Desk dug into the numbers

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