Treasury allows cash-strapped SABC to borrow more

2018-09-04 20:44

Treasury has allowed the cash-strapped SABC to take on more debt to ease its financial woes, Communications Minister Nomvula Mokonyane has confirmed.

Sanral bears brunt of lack of government clarity on e-tolls

2018-08-21 12:08

Sanral has collected R5.6bn less in e-toll fees than budgeted mostly because there is no clarity from government about the future of the system, Parliament has heard.

Treasury: Economic growth will be done by the book

2018-08-13 22:20

National Treasury has hit back at critics of proposals for economic growth, including a sovereign wealth fund and economic stimulus plan.

UDM: Treasury must explain where government pension billions went

2018-07-05 17:55

UDM leader Bantu Holomisa has asked Finance Minister Nhlanhla Nene to explain an allegedly improper relationship between the Public Investment Corporation and companies linked to its former employees - involving over R8bn of state employees' retirement funds.

Throw the book at deviants, SCOPA tells Treasury

2018-05-25 09:22

Parliament's Standing Committee on Public Accounts has told National Treasury to deal with those who abuse their right to deviate from procurement guidelines – after hearing the biggest spenders procured R2.3bn in goods and services through deviations in less than a year.

Treasury vows to protect poorest from VAT rate hike, cites zero-rated items

2018-05-22 12:24

Minister of Finance Nhlanhla Nene says National Treasury will protect South Africa’s poorest citizens from the impact of the increase in the value added tax rate to 15%.

Mkhize slams municipal debt to Eskom as unacceptable

2018-05-16 10:05

In December, municipalities owed Eskom and water boards over R23bn. Scopa met Eskom, CoGTA, SALGA and National Treasury to discuss the problem.

Revenue sharing model of regional customs union to be reviewed soon

2018-04-06 20:51

Negotiations on the review of the 2002 Southern African Customs Union (SACU) revenue sharing model are set to take place later this month.

Fears that carbon tax could limit SA economy

2018-03-14 21:00

Concerns raised in the public comments on the draft carbon tax bill include the adverse effect it will have on the SA economy.

VBS bank could come out of curatorship stronger - Treasury

2018-03-12 11:03

National Treasury says placing VBS Mutual Bank under curatorship is a better option than liquidation because this aims to turn the bank around, not to close it down.

 

Auditors' watchdog Irba gets teeth with new bill

2018-08-26 07:42

In a Financial Matters Amendment Bill released for comment on Friday, Treasury proposed several changes to the Auditing Profession Act, the law that created Irba.

Cosatu: Further VAT exemptions may not benefit the poor

2018-08-14 06:45

Even if government adds to the list of zero-rated VAT items, there is still the challenge of ensuring that benefits of the VAT exemption flow to the poor, Cosatu has said.

Eskom wage talks: Unions want meeting with Nene, Gordhan

2018-07-11 09:02

Unions representing workers at Eskom have requested to meet with the finance minister and minister of public enterprises as wage negotiations have reached a critical stage.

Treasury's VAT panel gets better chance to affect budget

2018-05-29 20:14

National Treasury has revised the terms of reference for its expert panel which is reviewing the list of zero-rated items to soften the effect of the VAT hike on poor and low-income households.

17 district municipalities in 'financial distress' - Treasury

2018-05-22 13:40

Treasury’s state of local government and financial management report for 2016/17 revealed that 17 district municipalities were identified as being in financial distress.

Municipal debt to Eskom worsens significantly, execs tell Parliament

2018-05-16 10:55

The outstanding debt municipalities owe Eskom has grown to R13.88bn, reflecting a worsening situation, Parliament has heard.

'Brazen theft' of public resources must be dealt with - Treasury DG

2018-05-09 20:23

The culture of consequence management should be instilled in government and those implicated in corruption must know it cannot go unpunished, says Treasury director general Dondo Mogajane.

A chat with Treasury’s Kay Brown

2018-03-25 06:00

Treasury’s outgoing planning head asks the tough questions.

PIC undertakes to cooperate with VBS Mutual Bank curator

2018-03-12 20:30

The PIC, one of the main shareholders of VBS Mutual Bank, says it will cooperate with the bank’s curator to find a way forward after the Reserve Bank placed VBS under curatorship.

Treasury open to reviewing zero-rated VAT items

2018-03-02 15:08

Treasury plans to take a collaborative approach in the consideration of goods to be added to the list of zero-rated items, Parliament has heard.

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