Sveriges Riksbank
latest news & developmentsANC accuses treasury of attempting to usurp president’s powers
The ruling party’s economic transformation committee head, Mmamoloko Kubayi, said the treasury’s proposals were ‘unfortunate’, ‘illegal’ and a ‘tick-box exercise’
Cabinet rejects treasury’s proposed cuts
The proposal suggested the bloated cabinet be cut and departments trim their expenditure
The high cost of austerity
Another round of spending cuts stand to shake the governing party’s already rickety foundations