Finance Ministry

latest news & developments
Finance Minister Enoch Godongwana. (Dwayne Senior/Bloomberg via Getty Images)

Plans to grant fuel price reprieve for April and May — Godongwana

The finance minister says there is a long-term intervention in the pipeline to address fuel prices, but the global situation has prompted the treasury to moot emergency relief

Finance Minister Tito Mboweni said the SAA bailout would be financed by reducing the funds allocated to national departments and their entities as well as slashing provincial and local government conditional grants. (David Harrison/M&G)

Kganyago, Mboweni back the SARB’s independence and monetary policy stance

Thursday’s joint statement supporting the SARB comes after new deputy finance minister David Masondo is quoted questioning current monetary policy

Finance Minister Tito Mboweni. (Sumaya Hisham/Reuters)

Mboweni to deliver budget in the face of massive debt and blackouts

Finance Minister Tito Mboweni is under pressure to bail out the state power utility Eskom — along with its $30-billion mountain of debt

Finance minister Tito Mboweni faces an unprecedented task in delivering this year’s budget. (Roger Bosch)

Mboweni misses the big picture

Global finance, procurement fraud and mega projects flash warnings

Nevertheless Mboweni is expected to put flesh on the bones of president Cyril Ramaphosa’s recently announced R50-billion stimulus package and R400-billion infrastructure fund. (David Harrison/M&G)

Despite Twitter appeal, Mboweni has little wiggle room in medium term budget

Much of the MTBPS was finalised before Mboweni’s appointment was announced following the resignation of his predecessor Nhlanhla Nene

(John McCann/M&G)

Mboweni will have his work cut out

The market likes the new finance minister, but will his tweets come back to haunt him?

President Cyril Ramaphosa congratulates newly appointed Finance Minister Tito Mboweni, who is expected to make his presence felt regarding economic strategy. (Sumaya Hisham/Reuters)

Move over, here comes Tito

A tough nut, Mboweni is likely to make the treasury the undisputed centre of economic power and policy

There has been much talk about finding a replacement for Nene. Rumour has it that Barbara Creecy — who serves as Gauteng’s finance MEC — tops possible replacement lists. (Delwyn Verasamy/M&G)

Nene faces severe credibility problem as mid-term budget looms

As South Africa prepares for a mid-term budget rumours are flying thick and fast about the fate of Finance Minister Nhlanhla Nene

The Saxonwold tea parties: A timeline of Nene’s meetings with the Guptas (Photo Archive)

Nene asks to be relieved of his duties — report

The Business Day newspaper is reporting that the finance minister has approached the Presidency to be relieved of his duties

Mthuli Ncube is an Oxford University professor and former vice president of the African Development Bank. (Matthew Jordaan/World Economic Forum)

Zimbabwe president names new finance minister to revive economy

Ncube has the tough task of reviving an economy wrecked under Robert Mugabe, who was ousted last year

The case against free higher education: Why it is neither just nor ethical

The ethical and political reasons to avoid free higher education are unambiguous

Finance Minister Nhlanhla Nene. (Reuters)

Nene: I had to come back, for SA

The returning finance minister may be content with life in the private sector, but he is compelled by a duty to serve.

(David Harrison/M&G)

State relies on VAT to plug holes

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

The high court made a ruling against Gigaba

Liar liar: DA disrupts Gigaba budget speech after high court declares he lied

The DA announced that it made a complaint with the Public Protector to investigate Gigaba for lying under oath and violating the Constitution

Former finance minister Pravin Gordhan

Comeback king: Gordhan willing to serve in Cabinet for another year

Former finance minister Pravin Gordhan may return to his previous position amidst speculation of a cabinet reshuffle