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Treasury

South Africa needs to breed ‘unicorns’
Opinion
/ 10 October 2021

South Africa needs to breed ‘unicorns’

A start-up Act that changes exchange control, tax and labour laws will help innovation-driven tech start-ups thrive

By Melvyn Lubega
The smelly and corrupt side of ‘dysfunctional’ Nelson Mandela Bay
National
/ 5 October 2021

The smelly and corrupt side of ‘dysfunctional’ Nelson Mandela Bay

The municipality has accrued billions of rand in wasteful spending, and more than 6 000 putrid bucket toilets

By Khaya Koko and M&G Data Desk
Climate change Bill to be tabled in parliament
The Green Guardian
/ 30 September 2021

Climate change Bill to be tabled in parliament

The Bill, which will facilitate South Africa’s transition to a greener economy, compels businesses to reduce greenhouse gas emissions that accelerate climate change

By Tunicia Phillips
Effects of recent unrest on the economy set to linger, finance minister tells parliament
Business
/ 8 September 2021

Effects of recent unrest on the economy set to linger, finance minister tells parliament

‘The unrest presents an untimely and negative effect on SA’s growth prospects,’ said Godongwana, adding that this could last for the next six quarters

By Tunicia Phillips
New GDP data and missing mining figures sow uncertainty among forecasters
Business
/ 6 September 2021

New GDP data and missing mining figures sow uncertainty among forecasters

Statistics South Africa has overhauled its GDP data, which now show that the economy was 11% larger in 2020 than previously estimated

By Sarah Smit
SIU details health department’s R132m Digital Vibes contract corruption
National
/ 1 September 2021

SIU details health department’s R132m Digital Vibes contract corruption

The SIU told parliament the health department was so desperate to give Digital Vibes a communications contract that it flouted government procurement policies and allowed a 104% price inflation

By Khaya Koko
Q&A Sessions: ‘I cannot fix Eskom. But we can fix this’ — André de Ruyter
Business
/ 26 August 2021

Q&A Sessions: ‘I cannot fix Eskom. But we can fix this’ — André de Ruyter

Meet the father, the cook and the chief executive of Eskom, who wakes up at 3am and writes speeches. André de Ruyter speaks to Athandiwe Saba about the future of the power utility, balancing its debt and how to make the best bully beef toast

By Athandiwe Saba
Makhura’s ‘unlawful’ directive caused Gauteng R42.8m in losses, says former CFO
Politics
/ 19 August 2021

Makhura’s ‘unlawful’ directive caused Gauteng R42.8m in losses, says former CFO

A March 2020 directive from the Gauteng premier is at the centre of an SIU civil case to recover money lost due to alleged unlawful procurement

By Khaya Koko
Denel aims to be sustainable within five years, but needs a bigger cash injection
National
/ 11 August 2021

Denel aims to be sustainable within five years, but needs a bigger cash injection

The parastatal has struggled with financial constraints for some time, partly blamed on wasteful expenditure and the inability to create revenue

By Chris Gilili
Consolidating government finances is a tall order
Opinion
/ 8 August 2021

Consolidating government finances is a tall order

Ramaphosa needs to build broad political consensus if he is to have any chance of pursuing his fiscal and structural reform agenda

By Jabulani Sikhakhane
State capture commission former secretary says allegations against him are hearsay
National
/ 30 July 2021

State capture commission former secretary says allegations against him are hearsay

Zondo wanted to know why tenders were awarded to a company that was publicly known to have been involved in corruption

By Eunice Masson
The basic income grant is surely on the horizon
National
/ 29 July 2021

The basic income grant is surely on the horizon

It is becoming clear SA needs a BIG, as many ANC cabinet members, opposition parties and experts agree. But there is still dissent from some quarters

By Lizeka Tandwa, Sarah Smit and Emsie Ferreira
Mboweni extends R38bn to cope with double calamity of Covid-19 and unrest
Business
/ 28 July 2021

Mboweni extends R38bn to cope with double calamity of Covid-19 and unrest

The finance minister extended the Ters relief and the social distress relief grant, and also ensured businesses hit by looting can access insurance

By Emsie Ferreira
R270m ‘housing heist’ bid deprives people of decent homes
National
/ 23 July 2021

R270m ‘housing heist’ bid deprives people of decent homes

After alleged attempts to loot Eastern Cape housing funds, 39 200 people in the province will continue to live in atrocious conditions

By Khaya Koko
The effects of the recent looting on South Africa’s young democracy
Opinion
/ 22 July 2021

The effects of the recent looting on South Africa’s young democracy

Rebuilding is crucial, but democracies cannot allow themselves to be held to ransom by the destruction of anarchists in dictating where public funds should be spent

By Lubabalo Oscar Mabuyane
It will cost UIF up to R3.5-billion in Ters payments every week the lockdown is extended
Business
/ 9 July 2021

It will cost UIF up to R3.5-billion in Ters payments every week the lockdown is extended

Any further extensions of Ters payments will impede the UIF’s ability to pay normal claims for unemployment and parental leave

By Sarah Smit
Critical climate plans hang on future international finance
Business
/ 8 July 2021

Critical climate plans hang on future international finance

Failing to invest in a greener economy could cost South Africa trillions, but calls to mobilise capital come amid fiscal strain

By Tunicia Phillips and Sarah Smit
Covid undoes a decade of progress in small-business ownership
Business
/ 25 June 2021

Covid undoes a decade of progress in small-business ownership

Covid-19 had an immediate effect on informal businesses, which fell from 1.6-million enterprises in the first quarter of 2020 to 1.2-million in the second

By Sarah Smit
The treasury and the neoliberal agenda destroyed the state airline’s capabilities
Business
/ 17 June 2021

The treasury and the neoliberal agenda destroyed the state airline’s capabilities

It’s a history littered with lessons and crumbs of what was to become the SAA privatised

By Lumkile Mondi
SAA will have a strategic equity partner by August, says public enterprises department
Business
/ 9 June 2021

SAA will have a strategic equity partner by August, says public enterprises department

The airline’s outstanding government guaranteed debt is R6.4-million and the treasury says there are no new guarantees to mitigate future risks to the fiscus

By Emsie Ferreira
Sisulu’s multimillion-rand housing ‘corruption’ headache in the Eastern Cape
National
/ 8 June 2021

Sisulu’s multimillion-rand housing ‘corruption’ headache in the Eastern Cape

National treasury and SIU flag gross misconduct in minister’s department with no heads rolling as millions keep disappearing

By Khaya Koko
Shanduka shade over Free State education
National
/ 7 May 2021

Shanduka shade over Free State education

Audit firm PwC said R500-million irregular expenditure incurred by the Free State education department is related to an unsolicited bid by the Kagiso Shanduka Trust to improve schools

By Khaya Koko and Lizeka Tandwa
National Arts Council surplus policy ‘breaks Act’
Friday
/ 6 May 2021

National Arts Council surplus policy ‘breaks Act’

A funding policy loophole seems to be encouraging feeding at the trough at the NAC

By Lloyd Gedye
Zondo commission gets R75-million, but still needs more funding
National
/ 6 May 2021

Zondo commission gets R75-million, but still needs more funding

The money was found within the existing budget of the justice department after the treasury said it was not prepared to make a further allocation

By Emsie Ferreira
Investment bonds: ‘The outcome is not measured by money but by impact’
Business
/ 25 April 2021

Investment bonds: ‘The outcome is not measured by money but by impact’

Social impact bonds focused on decreasing youth unemployment and improving early childhood learning have delivered positive outcomes the government can replicate to establish effective service delivery.

By Tshegofatso Mathe
ConCourt orders CPS to file all records relating to its illicit profits
National
/ 1 April 2021

ConCourt orders CPS to file all records relating to its illicit profits

The court has given Cash Paymaster Services 15 days to provide all documents that will allow the treasury to calculate the sum it needs to refund the social security agency

By Emsie Ferreira
Reserve Bank keeps repo rate unchanged
Business
/ 25 March 2021

Reserve Bank keeps repo rate unchanged

The South African Reserve Bank cautioned that if it was not for load-shedding, the country’s economy could have been stronger

By Tshegofatso Mathe
Moyane too ill to testify at Zondo commission after days of damning allegations
National
/ 24 March 2021

Moyane too ill to testify at Zondo commission after days of damning allegations

Symington returned to bizarre ‘hostage drama’ and implicated the former Sars commissioner in fabricating charges against Pravin Gordhan with the Hawks

By Emsie Ferreira
SAPS’ misplaced financial priorities inhibit it from tackling commercial crimes
Business
/ 19 March 2021

SAPS’ misplaced financial priorities inhibit it from tackling commercial crimes

The SAPS has received more than R500-billion over the past five years, yet commercial crime cases such as Steinhoff drag on

By Tshegofatso Mathe and M&G Data Desk
Stats SA ‘throttled’ by budget cuts, requires extra funding to combat brain drain
Business
/ 19 March 2021

Stats SA ‘throttled’ by budget cuts, requires extra funding to combat brain drain

The portfolio committee on public service and administration says it will call for additional funding so Stats SA can render its services effectively

By Aliyah Price
Mabuza not confident vaccine budget is enough to achieve population immunity
Article
/ 18 March 2021

Mabuza not confident vaccine budget is enough to achieve population immunity

The deputy president, who also the chairperson of the interministerial committee on Covid-19, was responding to questions in the National Assembly

By Marcia Zali
Mabuza not confident that vaccine budget is enough to achieve population immunity
Article
/ 18 March 2021

Mabuza not confident that vaccine budget is enough to achieve population immunity

The deputy president, who also the chairperson of the interministerial committee on Covid-19, was responding to questions in the National Assembly

By Marcia Zali
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