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Mboweni: Treasury looking at centralising PPE purchases to prevent corruption
As billions of rand are pumped into the economy to combat COVID-19 and its social and economic fallout, Finance Minister Tito Mboweni said that he’d told Treasury officials to find ways of preventing fraud and corruption.
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R70bn IMF loan will go towards health, job creation, economy - Mboweni
The IMF on Monday approved South Africa’s request for a $4.3 billion loan, which translates to about R70 billion.
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Mboweni on corruption: 'Unscrupulous thieves must be dealt with decisively'
In a series of overnight tweets, Finance Minister Tito Mboweni issued a reminder that a tender was an ethical contract and not a blank cheque to deceive and steal.
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Alcohol sector awaits Mboweni response to request to defer excise duty payment
The alcohol industry said that the renewed ban of alcohol sales with immediate effect had resulted in the sector having no choice but to apply for a deferment.
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Govt has not committed to SAA funding requirements - Mboweni
In court papers, Finance Minister Tito Mboweni said that government was considering a number of options to 'mobilise' funding, including approaching institutions for the investment of pension funds.
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Mboweni surprised by opposition rejection of Division of Revenue Amendment Bill
The DA, EFF, FF+ and the ACDP all voted against it, but the Bill passed by 214 votes to 119 with no abstentions.
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Mboweni wants decisive action against 'tsotsis' looting COVID-19 funds
Finance Minister Tito Mboweni has called for those who steal funds intended to ease the impact of the COVID-19 lockdown to be dealt with decisively.
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Mboweni warns of sovereign debt crisis if govt debt not reined in
A sovereign debt crisis is when a country cannot afford to pay any of the interest or the capital on amounts that it has borrowed, with dire consequences for the economy.
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National Treasury: SA can’t afford to spend more
National Treasury said that it could not spend more money as the country faced a debt crisis.
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Cabinet optimistic that Mboweni's budget will get economy back on track
Cabinet described it as a roadmap to stabilise debt and was optimistic it would get the economy back on track.
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Moody's says South Africa unlikely to stabilise debt by 2023
The Treasury on Wednesday presented a supplementary budget in response to the coronavirus crisis that projected a wider budget deficit, while public debt was estimated to be more than three-quarters of gross domestic product in the medium term.
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Mboweni: SA must avoid a sovereign debt crisis
The urgency of reining in the government’s spiralling debt was the overriding message from Mboweni’s special adjustment budget this week, and it was one he continued to hammer home.
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Opposition parties call on Mboweni to give clear direction on struggling SOEs
The Finance Minister’s budget focused mainly on COVID-19 spending and servicing South Africa’s mounting debt.
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WC on its own in fight against COVID-19 - Maynier
MEC for Finance and Economic Opportunities David Maynier said that costs were expected to exceed R5 billion in 2020/21, in the Western Cape.
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Mboweni's supplementary budget leaves more questions - CCCI
The Cape Chamber of Commerce and Industry's Geoff Jacobs says the budget was strong on intent but woefully short of detail.
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Seeking foreign funding won't undermine SA's sovereignty - Mboweni
The government is either in talks with or plans to approach the International Monetary Fund, the New Development Bank (Brics bank)) as well as the World Bank for urgent funding.
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KZN Education Dept wants Motshekga to pressure Mboweni on extra R1bn funding
KZN Education MEC Kwazi Mshengu has told Eyewitness News that it will be impossible to accomodate more grades without additional funding.
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Mboweni expected to paint bleak picture in 'emergency' budget
Finance Minister Tito Mboweni will unveil his special adjustment budget during a joint sitting of Parliament at 3pm this afternoon.
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Mboweni to detail way forward for SA with 'emergency' budget
Finance Minister Tito Mboweni will be providing details on the R500 billion relief package that the government intends to help businesses and individuals survive at a time when the country is experiencing record levels of unemployment.
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DA: Mboweni's budget must restore resilience and address debt crisis
The Democratic Alliance (DA) wants Finance Minister Tito Mboweni to present a budget that builds "national resilience" and is able to weather the economic storm of COVID-19.
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What to expect from Finance Minister Mboweni’s special Budget Speech
Finance Minister Tito Mboweni will deliver a special Budget Speech to the nation on Wednesday. EWN finance journalist Arabile Gumede explains what’s likely to be on the top of the agenda. #CoronavirusSA #Budget #TitoMboweni
