National Treasury
- South Africa News
Electricity Minister to give update on energy crisis
Electricity Minister Kgosientsho Ramokgopa is expected to give an update on the energy crisis at 1pm. He will outline the…
Read More » - South Africa News
City of Tshwane engaging with Eskom over arrears debt
The City of Tshwane says its engaging with Eskom over its massive arrears debt. It currently owes the embattled utility…
Read More » - South Africa News
Eskom says Fidelity Services contract was in line with its procurement processes
Eskom has denied offering security company Fidelity Services a R500 million contract without following the correct procurement processes. Allegations recently…
Read More » - South Africa News
Outa criticises government for delays in scrapping e-tolls
The Organisation Undoing Tax Abuse (Outa) hit out at the government for falling behind on plans to scrap e-tolls. The…
Read More » - South Africa News
President Ramaphosa: Municipalities must be separated from undue political influence
President Cyril Ramaphosa says to improve service delivery, municipalities must be separated from undue political influence that seeks to appoint…
Read More » - South Africa News
Update: Cholera death toll rises to 24
24 people have now died from Cholera after an outbreak in Hammanskraal. 23 deaths were recorded in Hammanskraal and one…
Read More » - South Africa News
Opposition parties: Eskom Debt Relief Bill will not resolve energy crisis
Opposition parties rejected the Eskom Debt Relief Bill, saying the move wouldn’t help to resolve the current load-shedding crisis. The…
Read More » - South Africa News
Cilliers Brink: Treasury has sent experts to assist Tshwane with financial controls
Tshwane executive mayor Cilliers Brink said that National Treasury had sent experts to assist the administration with its books. Brink…
Read More » - South Africa News
Busisiwe Mkhwebane reportedly wants ConCourt to award her unlimited money
On Wednesday, the Public Protector’s office told Parliament it would make an extra R4 million available for Busisiwe Mkhwebane’s defence…
Read More » - South Africa News
MEC: Bara’s cold storage capacity not enough to keep up with food demands
Gauteng Health MEC Nomantu Nkomo-Ralehoko said that the Chris Hani Baragwanath Academic Hospital did not have enough cold storage capacity…
Read More » - South Africa News
Eskom’s government support dries up
Treasury wants Eskom to get its house in order and fix ailing power stations with its own money. It briefed…
Read More » - South Africa News
National Treasury instructs Tshwane to cut expenditure by R3 billion
The National Treasury issued a directive for the City of Tshwane municipality to cut its expenditure by at least R3…
Read More » - South Africa News
eThekwini municipality responds to National Treasury
The eThekwini Municipality says they are shocked by the National Treasury’s decision to cut their Urban Settlement Development Grant. This…
Read More » - South Africa News
eThekwini loses R100 million grant to acquire urban land to eradicate shacks
The decision already relayed to Mayor Mxolisi Kaunda’s office with instructions to return funds, the municipality to launch an appeal.…
Read More » - South Africa News
Treasury: Gazetted Eskom exemptions are not a ploy to hide corruption
National Treasury Director General Ismail Momoniat said the department’s decision to exempt Eskom from disclosing irregular and wasteful expenditures was…
Read More » - South Africa News
Saftu: Eskom expenditure disclosure exemption a plot to conceal mismanagement
The South African Federation of Trade Unions (Saftu) said that National Treasury’s decision to exempt Eskom from disclosing its wasteful…
Read More » - South Africa News
Eskom’s interim profit plummets by two-thirds as utility faces 6th annual loss since 2018
Eskom has warned it could report yet another record net loss before tax of R32.4 billion for the financial year…
Read More » - South Africa News
IMF warns South Africa economy risks stagnation
South Africa’s growth is set to decelerate sharply this year due to power cuts and the economy risks stagnation, the…
Read More » - South Africa News
Eastern Cape health & education depts lose out on conditional grants again
Two Eastern Cape government departments have taken a huge knock after losing out on conditional grants again. The province has…
Read More » - South Africa News
SA municipalities owe Water & Sanitation Dept more than R23 billion for water
Department of Water and Sanitation director general Sean Phillips said that municipalities across the country owe the department in excess…
Read More » - South Africa News
Nersa seeks public comment on energy plan
Energy regulator, Nersa, is seeking public comment, on the country’s emergency electricity plan. This follows a draft proposal from the…
Read More » - South Africa News
PetroSA overcharged Eskom on a 50 million-litre emergency purchase
Cash-strapped Eskom had to cough up an additional rand extra per litre of diesel, despite purchasing the product in bulk…
Read More » - South Africa News
2 anti-money laundering bills to prevent greylisting signed into law
National Treasury is preparing for its upcoming meeting with global corruption watchdog – the Financial Action Task Force (FATF) as…
Read More » - South Africa News
Free State province to go over budget
Some infrastructure projects in the Free State have ground to a halt because of legal action against contractors. To add…
Read More » - South Africa News
Government working on new laws to root out corruption in municipalities, says Ramaphosa
President Cyril Ramaphosa said that the government was working on new laws to root out corruption in municipalities. The president…
Read More » - South Africa News
National Treasury: State capture corruption is entrenched in government
National Treasury’s new deputy director general Ismail Mamoniat said state capture corruption is so entrenched in the government that budgets…
Read More » - South Africa News
Minister Godongwana denies setting transformation back by promulgating new BEE rules
Finance Minister Enoch Godongwana on Tuesday denied setting transformation back by promulgating new black economic empowerment (BEE) rules. National Treasury…
Read More » - South Africa News
Minister Aaron Motsoaledi: Home Affairs to hire more staff
Minister Aaron Motsoaledi says long queues at the Department of Home Affairs offices could become a thing of the past.…
Read More » - South Africa News
Minister Godongwana: Another Eskom bailout will have to be conditional
Finance minister Enoch Godongwana said National Treasury is stuck between a “rock and a hard place” on whether to give…
Read More » - South Africa News
Panyaza Lesufi welcomes scrapping of e-tolls in Gauteng by National Treasury
The Gauteng provincial government has welcomed the announcement by Finance Minister Enoch Godongwana to scrap e-tolls. During his Medium-Term Budget…
Read More » - South Africa News
Treasury extends R350 social relief grant until March 2024
Finance Minister Enoch Godongwana announced the extension of the social relief of distress grant to March 2024, during his Medium-Term…
Read More » - South Africa News
Eskom puts pressure on Tshwane over R1 billion debt
The City of Tshwane is once again in financial trouble with Eskom as it continues to fail to settle the…
Read More » - South Africa News
Minister Godongwana: Govt’s economic interventions not silver bullet for rising inflation
Finance Minister Enoch Godongwana said government economic interventions won’t solve the issue of rising inflation and living costs. But the…
Read More » - South Africa News
President Ramaphosa says latest municipality audits leave much to be desired
President Cyril Ramaphosa said the latest audit findings of South Africa’s struggling municipalities leave much to be desired. He addressed…
Read More » - South Africa News
Joburg MMC Nkululeko Mbundu now accused of lying
City of Joburg member of the mayoral committee for economic development Nkululeko Mbundu has been branded a ‘liar’ following a…
Read More » - South Africa News
Moretele municipality manager appears in court for over R200 million tender
Moretele local municipality manager, Theletsi Roger Nkhumise, 49, appeared at the Moretele Regional Court for allegedly unlawfully awarding an ICT…
Read More » - South Africa News
National Treasury announces pension funds can invest in infrastructure projects
Pension funds will from next year be permitted to invest 45% of their capital in infrastructure projects, the National Treasury…
Read More » - South Africa News
EFF rejects Ismail Momoniat’s appointment as acting DG at Treasury
The Economic Freedom Fighters (EFF) has rejected the appointment of Ismail Momoniat as acting Director-General of the National Treasury. Momoniat’s…
Read More » - South Africa News
Finance Minister says delays over R1 billion flood relief can’t be blamed on Treasury
Finance Minister Enoch Godongwana says National Treasury won’t take any responsibility over the delays of the disbursement of the disaster…
Read More » - South Africa News
Ismail Momoniat has been appointed acting director general at the National Treasury
Ismail Momoniat has been appointed acting director-general of the National Treasury. Momoniat’s appointment follows the departure of Dondo Mogajane, who…
Read More » - South Africa News
eThekwini Municipality concerned about slow release of disaster funds
The eThekwini Municipality has raised concerns over what it said was slow movement from the national Treasury to release disaster…
Read More » - South Africa News
Climate change compounding problem of poverty in SA, says Minister Godongwana
Finance Minister Enoch Godongwana has warned that South Africa faces difficult times ahead. Godongwana said the impact of the COVID-19…
Read More » - South Africa News
Calls for Sports, Arts and Culture Minister Nathi Mthethwa to be fired
Trade union federation Cosatu has slammed Sports, Arts and Culture Minister Nathi Mthethwa for ignoring poor South Africans by spending…
Read More » - South Africa News
Economist lauds government’s Operation Vulindlela drive to accelerate structural reform
A leading economist has lauded the government’s Operation Vulindlela – President Cyril Ramaphosa’s drive to accelerate structural reform by addressing…
Read More » - South Africa News
New Zondo report: Jacob Zuma & Gupta family failed to capture Treasury
The fourth state capture report shows that former President Jacob Zuma and the Gupta family failed to capture National Treasury…
Read More » - South Africa News
Western Cape premier calls on Capetonians to be counted
The Statistician-General has given the people of the Western Cape province a further two weeks to come to their senses…
Read More » - South Africa News
Cyril Ramaphosa receives 4th instalment of State Capture report
President Cyril Ramaphosa has received the fourth instalment of the report into state capture. The Presidency confirmed its receipt on…
Read More » - South Africa News
Treasury ready to release money – KZN Finance MEC
National Treasury has agreed to give KwaZulu-Natal money to recover from the disastrous floods. That is according to the province’s…
Read More » - South Africa News
3 external candidates Dondo Mogajane says can be his successors
Director-General at Treasury Dondo Mogajane says he has served the country, which is why he has decided to resign. Most…
Read More » - South Africa News
EC Education Department head suspended over textbook and unspent money saga
Eastern Cape Premier Oscar Mabuyane has suspended the Eastern Cape education head, Dr Naledi Mbude, for failing to deliver textbooks…
Read More »