Treasury, Black Business Council in talks to expand R200bn loan guarantee scheme

2020-05-28 20:54

National Treasury and the Black Business Council are exploring ways in which government's R200 billion loan guarantee scheme can be expanded.

Mboweni's stimulus package dismissed as 'relief' measure in Parliament

2020-05-26 15:39

With SA facing its deepest crisis since the 1930s, much faith has been placed in almost R1trn in interventions by National Treasury and the Reserve Bank. But in Parliament, the state's fiscal and monetary response to Covid-19 was dismissed as a 'relief' measure, not a stimulus package.

Stats SA approached by Treasury to cut budget, but Census 2021 will go ahead

2020-05-08 16:27

The budget for Census 2021 is ringfenced and won't be compromised as Treasury seeks funds to fight Covid-19, says Statistician-General Risenga Maluleke.

Government assesses coronavirus damage to economy

2020-05-02 18:35

South Africa’s economy could contract by as much as 16.1% this year, depending on how long it takes to contain the coronavirus pandemic and for the economy to recover to the end of 2020

SA would face deep economic pain under extended lockdown, says draft input from office of presidency

2020-04-22 13:20

According to a leaked discussion document prepared by the office of the presidency, SA's tourism & aviation industries would only be able to pay 5% of their staff at the end of May if the lockdown were extended.

Covid-19 | Govt's economic rescue plan a race against time

2020-04-19 10:14

As SA readies to face an economic contraction that will likely to dwarf the impact of the 2008 global financial crisis, there is growing frustration among economists about a lack of urgency in finalising a comprehensive economic recovery plan.

Organisation with an interest in financial literacy, invited to take part in Money Smart Week

2020-01-23 18:38

Money Smart Week SA, a financial literacy campaign aimed at motivating and empowering South Africans to become more educated about their finances, is taking place from March 23 to 28, 2020.

5 ways Mboweni tried to trim the fat in 2019

2019-12-30 06:23

While the finance minister announced plans to draw a hardline against bailouts for state-owned enterprises in his national budget speech in February – efforts to contain the state's growing debt came to naught by the time October arrived.

Mboweni: Treasury not 'actively' considering prescribed assets

2019-11-05 18:57

In its 2019 election manifesto the ANC said it would investigate the prescribed assets.

SABC to receive R2.1bn lifeline from government

2019-10-04 09:11

The SABC will receive R2.1bn from Treasury on Monday October 7, 2019.

 

Govt seeks funds for R350 billion infrastructure plan as Covid-19 job losses loom

2020-05-28 11:55

The program will focus on 'network industries such as rail and ports, energy, broadband connectivity, water, sanitation and human settlements,' the ANC's Paul Mashatile said in a speech to London’s Chatham House on Wednesday.

Treasury orders investigation into Joburg’s EFF-linked fleet contract

2020-05-18 06:59

National Treasury has deemed a controversial City of Johannesburg fleet contract “irregular”, instructing it should be cancelled and subjected to a forensic investigation.

Central banks must be careful not to get sucked into fiscal policy - Kganyago

2020-05-06 17:37

The economic meltdown has seen the world's leading central bankers including the South African Reserve Bank come under pressure to bail out their respective economies in the form of interest rate cuts. They've been urged to fund governments, an idea that central bank governor, Lesetja Kganyago, says is tantamount to a client instructing their banker to do the same.

SA risks losing 7 million jobs, reaching over 50% unemployment: Treasury's grim worst-case scenario

2020-04-30 21:16

The economy was already taking strain before coronavirus, and the ratings downgrades won't help the situation, Treasury says, warning that the state may have no other option than to sell poorly performing state-owned enterprises.

Govt considering pandemic responses, including R100 billion social bond

2020-04-21 08:18

Other proposals include a wealth tax and R200 billion of guarantees for bank lending to struggling businesses.

Treasury can still pull the plug on Nelson Mandela Bay grants

2020-03-18 13:50

The Nelson Mandela Bay metro will have to work overtime for National Treasury to release its R792 million grant.

Mboweni's economic plan for SA still not adopted by government - Treasury

2020-01-16 20:53

Finance Minister Tito Mboweni's apprent view that a Treasury document on economic policy is already "a government document" seems to be at odds with the official view.

Treasury reacts to Fitch's latest negative outlook

2019-12-18 18:51

The SA government notes ratings agency Fitch's decision to affirm the country's long-term foreign and local currency debt ratings at 'BB+' and maintaining a negative outlook.

Deputy finance minister warns of wage freeze, 'looming fiscal crisis'

2019-10-09 22:28

A wage freeze at all levels of the state should be considered, says David Masondo.

DA: We will take deputy finance minister extortion claims to the Public Protector

2019-09-16 14:52

The Democratic Alliance intends to lodge a complaint with the Public Protector to investigate a report that Deputy Finance Minister David Masondo misused state resources in settling a personal matter.

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