Treasury entities' irregular spend reaches R1bn

2019-10-08 22:15

The state entities which fall under National Treasury incurred a combined R1bn in irregular expenditure in the 2018-19 financial year - with the biggest contributors being SARS and Treasury itself.

Home Affairs says budget cuts may mean fewer staff, but offices won't close

2019-09-21 08:39

Minister of Home Affairs Aaron Motsoaledi has confirmed his department is facing compulsory budget cuts.

Eskom could sell some coal-powered plants to raise R450bn

2019-08-27 20:52

South Africa could dispose of some of Eskom's coal-fired plants and allow households to sell electricity back into the grid as part of a restructuring of the state-owned power utility, according to Treasury's latest policy paper.

Fed move could bring emerging markets tailspin – analyst

2019-07-26 22:00

Peregrine Treasury Solutions partner Bianca Botes wrote that a negative spike was further compounded by Fitch's announcement shortly after close of trade on Friday that it had revised the outlook on South Africa's sovereign debt downwards from stable to negative.

7 municipal spending sins that Treasury hopes to curb

2019-06-12 12:03

From flashy cars to expensive consultants to splashing out on expensive overnight accommodation, Finance Minister Tito Mboweni has unpacked National Treasury's latest local government expenditure guidelines that aims to curb municipal spending.

SAA accepts Jarana's resignation

2019-06-02 20:11

Jarana tendered his resignation to SAA board chairperson JB Magwaza in a letter dated May 29, 2019, citing uncertainty about funding, as well as bureaucracy delaying decision making needed to turnaround the struggling airline, as reasons for his resignation.

Eskom bailout risks Moody's rating, Reserve Bank says

2019-05-30 06:01

Bailouts for South Africa’s state-owned companies such as Eskom Holdings will weaken the nation’s fiscal position and put its last investment-grade credit rating at risk, the Reserve Bank said.

Nenegate impact was long lasting, Zondo commission hears

2019-02-19 14:43

National Treasury economist Catherine MacLeod has told the state capture inquiry that South Africans were worse off after Nhlanhla Nene's removal as finance minister.

SA declined R16 billion loan request by Zimbabwe

2019-01-21 10:08

'South Africa doesn’t have the money to provide that kind of assistance,' a spokesperson for National Treasury has said.

Former VBS CEO wants to challenge 'bank heist' report findings at ConCourt

2018-12-06 11:11

Former VBS CEO Andile Ramavhunga says he will launch a Constitutional Court bid challenging the Financial Sector Regulation Act which Advocate Terry Motau relied on in his report on the failure of the mutual bank.


Govt plans for Postbank are 'backward', belong in Thatcher era - union

2019-09-27 11:33

Communication Workers Union secretary general Aubrey Tshabalala says a proposal to realign Postbank’s shareholding to National Treasury was at odds with best practice globally.

Mboweni's new plan to boost growth and create a million jobs

2019-08-28 07:00

In a new policy paper Treasury says that SA's current economic path is unsustainable, with the country facing a triple threat of stagnating economic growth, rising unemployment and high inequality.

Mboweni releases economic blueprint, promises stronger growth if reforms are implemented

2019-08-27 19:23

'This paper is a detailed examination of the structural reforms that can reverse the downward trend in South Africa’s growth potential and competitiveness,' says National Treasury.

Workers finally represented on PIC board – unions

2019-07-11 20:53

Cosatu has welcomed the inclusion of labour representatives on the PIC interim board - a first in its 108-year existence.

Treasury head says SA has 'no choice' but to increase Eskom funding

2019-06-09 14:00

'That’s a decision that we’ll have to finalise, but we know we don’t have a choice,' Treasury Director General Dondo Mogajane said in an interview on the sidelines of a meeting of the Group of 20 finance ministers and central bank governors.

10 challenges that forced SAA CEO to throw in the towel

2019-06-02 10:06

Vuyani Jarana was appointed SAA CEO in November 2017, the first permanent CEO at the national carrier since 2015. Fin24 looks at why he has tendered his resignation. Here are 10 key quotes from his resignation letter.

'I'm sticking around' - Mboweni ends speculation of post-election exit

2019-02-20 20:18

Finance Minister Tito Mboweni has denied speculation that he is keeping the ministerial seat warm until after the polls.

PIC: It's all about the money, money, Mboweni preps for Budget

2019-02-18 14:08

Minister of Finance Tito Mboweni is due to table his 2019 national budget in the National Assembly on Wednesday afternoon in the National Assembly.

Mboweni ready to 'think outside the box' to boost economic growth

2018-12-21 11:55

Finance Minister Tito Mboweni says there have been questions in Cabinet about whether the country is pursuing the right path in its bid to grow the economy.

Netflix, Facebook, and Google will probably have a new tax to pay in SA – and that will hit consumers

2018-11-29 17:54

Regulations that will make online multinationals responsible for South African VAT are due to come into effect from April 1, 2019 – and price changes on their services seem inevitable.

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.