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.

Taxman collects R1trn, so far

2018-02-26 14:53

The South African Revenue Service has collected R1trn in tax revenue so far, but this is still below the R1.217trn target set by Treasury in the Budget Speech.

Speaking up about corruption would get you fired - top Treasury official

2018-02-16 09:17

'You couldn’t act, because the man at the top didn’t want you to act and would fire people,' says Ismail Momoniat, Treasury's head of tax and financial sector policy.

 

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.

'You are playing with fire,' Cosatu warns govt on VAT increase

2018-03-01 22:00

Trade union federation Cosatu has rejected the proposed one percentage point hike in VAT that was announced by former finance minister Malusi Gigaba in the budget.

Gigaba's tax manoeuvres in the dark

2018-02-21 06:32

South Africa’s massive tax deficit will have forced Finance Minister Malusi Gigaba into some interesting tax manoeuvre plans in the last couple of months to overcome South Africa’s budget deficit.

Debt review a lifeline for borrowers, committee hears

2018-02-15 19:45

Debt review is a “lifeline” for borrowers and its shortcomings need to be addressed if it is to work effectively, according to a Treasury official.

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