Treasury
Economists warn govt against further tax hikes to pay for COVID vaccines
National Treasury has suggested that higher taxes could be one way of financing the vaccines, which are critical for saving lives.
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Education Dept vs Treasury: See-saw over pay leaves teaching assistants in limbo
Treasury says provinces must pay teacher assistants who weren't paid December salaries, but the national Basic Education Department says Treasury made funds available.
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ZWELINZIMA VAVI: Stop merely discussing the basic income grant
The state must implement the basic income grant now if it wants to retain any semblance of legitimacy, writes Zwelinzima Vavi.
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Business sector concerned about little being done to improve investor confidence
Although Finance Minister Tito Mboweni listed efforts to restore business confidence in the country the organisations said this was not enough with government failing on the implementation front.
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SA economy in desperate need of private sector investment - economist
Finance Minister Tito Mboweni painted a grim picture saying the country's deficit has more than doubled from 6,4% of GDP in the 2019/2020 financial year to 15,7% this year.
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READ: Tito Mboweni’s medium-term budget policy statement
The Finance Minister delivered his medium-term budget policy statement in the National Assembly on 28 October 2020.
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WCED calls on Cosatu, other organisations to denounce defunding of education
The department said the severe budget cuts requested by National Treasury would further increase the challenges pupils in the province face.
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'Close the hippo's mouth': Mboweni warns citizens to live within their means
The Finance Minister revealed Treasury estimates suggesting revenue for the year would contract by more than R300 billion.
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Govt’s R500bn COVID-19 relief fund has not all been looted, says Treasury
Treasury officials on Tuesday briefed Parliament’s standing committee on appropriations on procurement to counter the pandemic.
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Treasury publishes list of all COVID-19-related govt tender expenditures
This includes expenditure by the Gauteng government, which has seen a number of questions raised over procurement, including its now suspended Health MEC Bandile Masuku.
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Govt yet to respond to SABC’s plea for R1.5bn COVID-19 funding
The public broadcaster has struggled to manage their crumbling finances with the pandemic, the final nail in the coffin.
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Cosatu urges Treasury, SA’s biggest banks to intervene in R200bn loan scheme
The trades union federation made the call before Parliament’s small business development oversight committee on Wednesday.
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Parly gives green light to Mboweni’s supplementary budget
The Adjustments Appropriation Bill was approved without any amendments by the National Council of Provinces (NCOP) following a marathon session on Tuesday. It was passed by the National Assembly on 29 July.
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SA sovereignty intact, IMF loan will boost COVID-19 response - National Treasury
Director-general Dondo Mogajane reflects on the R70 billion loan granted to the country by the International Monetary Fund.
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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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R5bn deferment appeal: Will Treasury help struggling alcohol industry?
The industry has lost billions of rand in revenue due to the ban on alcohol sales and is hoping Treasury will give it a little breathing room.
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Govt now tasked with providing R10bn funding for new SAA airline
This comes after 86% of creditors earlier on Tuesday voted to adopt SAA's business rescue plan.
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SA economy to see ‘largest contraction in 90 years, debt now its weakness’
Finance Minister Tito Mboweni has presented his supplementary Budget, comparing debt to a hippo's mouth.
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SA hopes to ease access to COVID loans amid low payouts
The scheme, launched in May, was meant to encourage banks to lend more, on more favourable terms, to small businesses struggling with the effects of the pandemic. But concerns arose that the money was not being fully used after big banks approved only a few billion rand of loans in the first few weeks.
