SOE irregular spend: Here are the three worst offenders

2017-10-17 16:59

Auditor-general Kimi Makwetu says Airports Company South Africa, the South African Post Office and the SABC are the top contributors to irregular expenditure by state-owned enterprises.

Eskom banks heavily on China, inks R20bn loan deal

2017-07-06 15:27

Despite a number of scandals, Eskom says international roadshows indicate that there is still a significant appetite from international investors for its bonds.

EXCLUSIVE: Deputy FinMin scored Prasa tenders as agency chair

2017-06-05 06:41

Deputy Finance Minister Sfiso Buthelezi and his brother are beneficiaries of companies that secured contracts worth at least R150m from Prasa while he was board chairperson.

Van Rooyen defends R260m payout to former councillors

2017-05-18 13:17

Co-operative Governance and Traditional Affairs Minister Des van Rooyen has defended paying R260m to former councillors who were not re-elected in last year's local government elections, saying all public office bearers receive payments like this.

Purchase of luxury vehicles for ministers should not make headlines - deputy minister

2017-05-03 09:06

The purchase of luxury vehicles for ministers should not be used as a "political football" or as "headlines", Deputy Communications Minister Thandi Mahabehlala says.

Gigaba assures investors govt won't spend what it doesn't have

2017-04-13 12:49

Finance Minister Malusi Gigaba has reassured local investors that government won’t spend money it doesn’t have and that Treasury is committed to fiscal sustainability and consolidation.

China's finance minister indicates room for more govt debt

2017-03-07 09:16

China still has some flexibility to adjust the budget deficit ratio, says its Finance Minister Xiao Jie, signalling the government will increase government spending.

State workers could face voluntary severance packages

2017-02-23 06:42

Headcount in South Africa’s public service has stabilised but government is considering introducing voluntary severance packages to help keep a lid on its wage bill.

SAA set to receive another cash injection

2017-02-22 15:07

Loss-making national airline South African Airways will need to receive another cash injection, says Treasury.

IPPs could go out of business, Treasury warns Eskom

2017-02-22 14:23

Eskom’s delay in signing power purchase agreements with renewable energy independent power producers could result in manufacturers of going out of business.


Khoza to demand Muthambi explain family jaunt

2017-07-31 12:45

Makhosi Khoza, chairperson of the portfolio committee on public service and administration, is to demand answers from Faith Muthambi on the allegations that she flew 30 of her family members at taxpayers' expense to Cape Town.

‘Spend on the poor’ says Mathews Phosa

2017-06-11 06:00

The rich can look after themselves, says Mathews Phosa.

Trump seeks $3.6trn in cuts to reshape govt

2017-05-23 09:02

President Donald Trump would dramatically reduce the US government’s role in society with $3.6trn in spending cuts, in a budget plan that shrinks the safety net for the poor.

Zille would welcome probe into R1.1m Singapore trip

2017-05-08 11:46

Western Cape Premier Helen Zille says she would welcome an investigation by the Auditor General into her recent trip to Asia, which cost the taxpayer more than R1.1m.

Don’t just spend, fix productivity

2017-04-23 06:00

South Africa has had several blueprints for its development, going back to the Reconstruction and Development Programme and culminating in the current National Development Plan (NDP).

Taxpayers cough up R136m for suspended govt employees

2017-03-09 21:04

Based on reports received from provinces and national departments, taxpayers have coughed up R136.5m for precautionary suspended government employees.

Key risks facing South Africa’s fiscal consolidation

2017-02-23 07:22

Many of South Africa’s state-owned enterprises are still being poorly managed, said Finance Minister Pravin Gordhan in his 2017 Budget Review.

SAA merger still on the cards as consultants finalise review

2017-02-22 15:17

The merger of SAA with South African Express, and the introduction of a strategic equity partner are still being considered, National Treasury says in its 2017 Budget Review.

Money will be found for SAA and Post Office – Gordhan

2017-02-22 14:52

Finance Minister Pravin Gordhan says he can't say where for now, but money will be found to put South African Airways and Post Office on a sounder financial footing.

Game changer to prevent power cuts for defaulting municipalities

2017-02-22 14:23

Finance Minister Pravin Gordhan announced “game changers” in Treasury’s focus on municipalities that will help end the spate of power cuts inflicted on defaulting areas.

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