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Treasury

SA Express suspends operations over ‘serious safety risks’ from today
Article
/ 24 May 2018

SA Express suspends operations over ‘serious safety risks’ from today

The airline has this month been in hot water over operational and financial setbacks, as well as a recent spate of corruption allegations.

By Sarah Smit
Pressure mounts for govt, private sector to put more work into financial inclusion
Article
/ 22 May 2018

Pressure mounts for govt, private sector to put more work into financial inclusion

Financial inclusion is loosely thrown around but pressure is mounting for government and the private sector to respond with solutions that can deliver

By Thulebona Mhlanga
Women MPs slam Treasury for shoddy sanitary towels VAT exemption plans
Article
/ 17 May 2018

Women MPs slam Treasury for shoddy sanitary towels VAT exemption plans

Women across the political spectrum have issued a stern warning to treasury: take the request that sanitary pads be VAT exempt seriously

By Raeesa Pather
The top ten municipal culprits not paying Eskom debt
Article
/ 17 May 2018

The top ten municipal culprits not paying Eskom debt

​The top 10 defaulting municipalities owe Eskom billions, and a parliamentary committee has resolved to find out why they are not paying their debts

By Lameez Omarjee
Kganyago: Too soon to tell if SA economy is in the clear
Article
/ 10 May 2018

Kganyago: Too soon to tell if SA economy is in the clear

​Even though South Africa has got off to a positive start this year, it is too early to tell that the country is on a new growth trajectory

By Lameez Omarjee
‘Brazen theft’ of public resources must be dealt with – Treasury DG
Article
/ 9 May 2018

‘Brazen theft’ of public resources must be dealt with – Treasury DG

The erosion of public resources through “brazen theft” must be dealt with, says Dondo Mogajane

By Lameez Omarjee
Free higher education is a game of cut and balance ― Treasury DG
Article
/ 28 March 2018

Free higher education is a game of cut and balance ― Treasury DG

DG Dondo Mogajane says government is committed to phasing in fee-free higher education within the confines of the national fiscus

By Khulekani Magubane
What happens when a bank is put into curatorship
Article
/ 18 March 2018

What happens when a bank is put into curatorship

The South African Reserve Bank was justified in placing VBS Mutual Bank under curatorship

By Jannie Rossouw
VBS bank could come out of curatorship stronger—
Treasury
Article
/ 12 March 2018

VBS bank could come out of curatorship stronger— Treasury

​National Treasury said placing VBS Mutual Bank under curatorship is a better option than liquidation

By Lameez Omarjee
SARB: VBS Mutual Bank is not being punished because it’s black-owned
Article
/ 11 March 2018

SARB: VBS Mutual Bank is not being punished because it’s black-owned

This notion that the Reserve Bank decided to attack a black bank has got to be condemned says central bank governor

By Tebogo Tshwane
VAT hike is not a done deal – Carrim
Article
/ 23 February 2018

VAT hike is not a done deal – Carrim

The proposed increase in value added tax will still be scrutinised, says ANC finance committee head

By Lynley Donnelly
State relies on VAT to plug holes
Article
/ 23 February 2018

State relies on VAT to plug holes

Critics dismiss treasury’s claims that the increase in value-added tax is the best way forward

By Lynley Donnelly
Budget 2018: First steps towards a recovery, but at what cost?
Article
/ 22 February 2018

Budget 2018: First steps towards a recovery, but at what cost?

Whether measures announced by Gigaba will stave off a downgrade by the remaining credit rating agency remains to be seen.

By Seán Mfundza Muller
Gigaba budgets R2.1-billion for small business
Article
/ 21 February 2018

Gigaba budgets R2.1-billion for small business

Gigaba says that by enabling new businesses with new ideas to emerge and thrive, “we are radically transforming patterns of production in the economy”

By Thulebona Mhlanga
Budgeting to fight corruption
Article
/ 21 February 2018

Budgeting to fight corruption

​Renewed vigour to tackle corruption head-on was palpable in National Treasury’s 2018 budget

By Staff Reporter
National Treasury launches online budget data portal
Article
/ 20 February 2018

National Treasury launches online budget data portal

The portal is intended to make the budget more accessible through a user-friendly format to enable more effective information sharing

By Thulebona Mhlanga
Budget must set the tone for SOE overhaul
Article
/ 20 February 2018

Budget must set the tone for SOE overhaul

Apart from the risks they pose, parastatals also play a crucial role in long-term economic development and transformation.

By Staff Reporter
What the hijacking of South Africa’s Treasury means for the economy
Article
/ 15 November 2017

What the hijacking of South Africa’s Treasury means for the economy

The imposition of the fee-free higher education proposal on National Treasury without due consideration represents an escalation of state capture

By Seán Mfundza Muller
Treasury yet to find the billions to fund #FeesMustFall
Article
/ 27 October 2017

Treasury yet to find the billions to fund #FeesMustFall

Finance Minister Malusi Gigaba’s budget speech revealed the treasury’s inability to fund the full cost of free higher education

By Thulebona Mhlanga
Mid-term budget: Gigaba brutally honest on economic woes
Article
/ 25 October 2017

Mid-term budget: Gigaba brutally honest on economic woes

Revenue collection will fall R50.8-billion short of targets, while the budget deficit will widen to 4.3% of GDP.

By Staff Reporter
The lesser known and scarier facts about unemployment in South Africa
Article
/ 4 September 2017

The lesser known and scarier facts about unemployment in South Africa

A deeper analysis of South Africa’s joblessness reveals a scarier picture of large sections of the population suffering, especially for the youth

By Staff Reporter
Explainer: Why amendments to SA’s ‘Money Bills Act’ matter
Article
/ 24 July 2017

Explainer: Why amendments to SA’s ‘Money Bills Act’ matter

The amendments to South Africa’s Money Bills Act don’t go far enough – for one, they do not address incoherence in Parliament’s oversight of taxes.

By Seán Mfundza Muller
Treasury announces SAA bailout to settle R2.3bn debt
Article
/ 1 July 2017

Treasury announces SAA bailout to settle R2.3bn debt

Government officials have moved to transfer an undisclosed sum from the National Revenue Fund to South African Airways

By Peter Rothpletz
Andrew Donaldson leaves national treasury after more than 20 years
Article
/ 8 May 2017

Andrew Donaldson leaves national treasury after more than 20 years

His exit follows the announcement that director general Lungisa Fuzile will be leaving later this month.

By Lynley Donnelly
Editorial: Give us more like Fuzile
Article
/ 7 April 2017

Editorial: Give us more like Fuzile

The director general of the treasury, Lungisa Fuzile, has given a shining example of what a public servant should be like.

By Editorial
Treasury director general Lungisa Fuzile resigns — reports
Article
/ 4 April 2017

Treasury director general Lungisa Fuzile resigns — reports

Fuzile has been at the national treasury’s helm for six years and there are fears that his leaving will spark an exodus of experienced staff.

By Ofentse Mboweni
Gigaba addresses sceptics: Judge me on my actions not speculation and rumours
Article
/ 1 April 2017

Gigaba addresses sceptics: Judge me on my actions not speculation and rumours

Malusi Gigaba is now on the front line of the Gupta’s battles with South Africa’s financial institutions

By Lynley Donnelly
ANC wants presidency to have more powers to allocate state resources
Article
/ 12 March 2017

ANC wants presidency to have more powers to allocate state resources

Move seen as taking powers away from Pravin Gordhan’s Treasury.

By News 24
Does Sassa need the Concourt’s approval to initiate its CPS deal?
Article
/ 6 March 2017

Does Sassa need the Concourt’s approval to initiate its CPS deal?

Legal pundits have argued that an order from the ​court allowing Sassa to continue its relationship with CPS could help to ensure grants are paid

By Raeesa Pather
Treasury asked to fund learner influx
Article
/ 13 January 2017

Treasury asked to fund learner influx

Gauteng and Western Cape schools are bulging at the seams as thousands of children from other provinces fight for places there

By Prega Govender
Treasury bids farewell to chief procurement officer Kenneth Brown
Article
/ 13 December 2016

Treasury bids farewell to chief procurement officer Kenneth Brown

His last day will be at the end of December, which will also mark the end of his 19-year tenure at treasury.

By Athandiwe Saba
Hawks probe leaves treasury’s Kenneth Brown unfazed
Article
/ 14 October 2016

Hawks probe leaves treasury’s Kenneth Brown unfazed

The treasury’s chief procurement officer says all will be explained ‘when the right time comes’.

By Athandiwe Saba
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