treasurylatest news & developments
Honourable Finance Minister, Enoch Godongwana

Treasury says debt has peaked. Now the test is delivery

In an interview with the Mail & Guardian, Finance Minister Enoch Godongwana explains why stabilising South Africa’s debt marks a turning point for the fiscus and why rail reform, infrastructure delivery and fiscal discipline will determine whether the shift can be sustained. Finance minister Enoch Godongwana says South Africa’s debt trajectory has reached a turning […]

DA leader John Steenhuisen.
(Delwyn Verasamy/ M&G)

Steenhuisen confirms 274 foot-and-mouth disease cases in five provinces

Officials said South Africa’s phytosanitary and biosecurity requirements are world class and the department is awaiting bilateral trade agreements to be resolved to begin exports of beef

Embattled Johannesburg mayor Dada Morero. File photo: X

Dada Morero in trouble with treasury, coalition partners over Johannesburg finances

The city faces grant cuts unless a credible recovery plan is submitted, as tensions grow in the governing coalition

Finance Minister Enoch Godongwana. Photo: Dwayne Senior/Getty Images

There can be no repeat budget bungle

The saga reflected political sniping and the inability of parties in the government of national unity to cooperate

The Democratic Alliance has claimed credit for the about-turn by the treasury on the tax, saying its legal team had presented a strong case against the flawed parliamentary process used to adopt the fiscal framework

Parties hail VAT reversal as ANC admits budget vote missteps

The Democratic Alliance has claimed credit for the about-turn by the treasury on the tax, saying its legal team had presented a strong case against the flawed parliamentary process used to adopt the fiscal framework

Increasing value-added tax shifts the weight of systemic dysfunction to households already buckling under the pressure of inflation and economic exclusion. (Delwyn Verasamy, M&G)

Why South Africa’s VAT hike risks worsening poverty

Increasing value-added tax shifts the weight of systemic dysfunction to households already buckling under the pressure of inflation and economic exclusion.

EFF president Julius Malema. The party has formulated a fiscal framework and revenue proposal document, submitted to the treasury. (X)

EFF pushes its alternative budget, demands reform

The party has proposed a R512.8bn revenue strategy and refuses to agree to a VAT increase

Employers and domestic workers can contribute a national domestic workers’ pension fund operated through mobile-based platforms for easy registration and tracking contributions. (File photo)

Union demands pension fund for domestic workers

About 850 000 people are employed as domestic workers in South Africa, contributing to 5.2% of the country’s total employment

Finance Minister Enoch Godongwana. (Photo: Mlungisi Louw/Gallo Images)

Budget: Finance committees approve fiscal framework at 11th hour

The agreement came thanks to a lifeline ActionSA threw the ANC

Finance Minister Enoch Godongwana.

Fractured treasury: Do biases and ideology trump evidence-based reasoning?

The recent drama over the budget spotlights the need to scrutinise our financial institutions, the treasury in particular

In its budget review, the treasury flagged Transnet’s high debt levels, saying it needs to make faster progress on its plan to improve operations and finances

No bailouts for struggling parastatals such as Eskom, Transnet,  treasury insists

In its budget review, the treasury flagged Transnet’s high debt levels, saying it needs to make faster progress on its plan to improve operations and finances

President Cyril Ramaphosa and DA leader John Steenhuisen. (GCIS)

Budget deadlock threatens governance stability, small parties warn

Members of the government of national unity and opposition parties have raised concerns that the ongoing impasse between the ANC and DA could trigger the need for fresh elections

Finance Minister Enoch Godongwana. Photo: Dwayne Senior/Getty Images

Rising debt, inefficiencies are draining South Africa’s fiscus, finance committees say

The chairs of parliament’s finance committees say the country is on a fiscal cliff and the minister has to make difficult choices in his budget this week

US treasury secretary Scott Bessent. Photo: Sourced.

US treasury secretary Scott Bessent snubs G20 meeting in South Africa

His move follows Secretary of State Marco Rubio’s decision to also skip a foreign ministers’ summit in the country

Finance Minister Enoch Godongwana. (Photo: Mlungisi Louw/Gallo Images)

Budget: How will Godongwana divide the nation’s piggy bank?

South Africa has a R2 trillion budget to fix the economy. It’s a big ask

No cheers: The treasury aims to curb alcohol consumption because of its role in health problems and road deaths.

‘Tax is unlikely to deter drinkers’

The treasury wants to raise taxes on alcoholic beverages and set a minimum price per unit

David Masondo’s job is up for grabs in the ongoing negotiations for ministerial positions. (David Harrison)

Economic reforms still a priority amid GNU uncertainty

President Cyril Ramaphosa’s Operation Vulindlela is forging ahead with its next phase amid ongoing wrangling over positions in his executive

Warning: Minister of Cooperative Governance and Traditional Affairs Thembisile Nkadimeng. (Supplied)

‘Officials are looting Msunduzi municipality’

Senior staff were allegedly told ahead of the elections ‘to cough up R5  million or resign’

Andy Mothibe has been appointed as the new national director of public prosecutions. File photo by Paul Botes

Treasury in dodgy R800m contract

Computer tech firm to be blacklisted after investigation uncovers conflict of interest issues

Electricity Minister Kgosientsho Ramokgopa. (GCIS)

Ramokgopa: Eskom bosses consolidating report to solve energy crisis

Eskom won’t cut maintenance, despite German consortium’s recommendation, electricity minister says This content is restricted to registered users and subscribers. Get Your Free Account The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member. Register Registration enables: – M&G newsletters access – notifications – the best possible experience Already registered? Login here Want to subscribe and get even more benefits? Explore our subscription offers