Treasury
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.
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Appropriations Bill passed, channels funds to COVID-19 fight, service delivery
The Appropriations Bill will allow for the withdrawal of money from the country’s revenue fund to address service delivery as well as the country’s fight against COVID-19.
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Treasury: Inability to give Land Bank R20bn loan not a sign of poor commitment
The bank’s in dire financial straits and defaulted on repaying R50 billion in loans in April.
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Treasury ready to table Special Adjustment Budget by 24 June
Finance Minister Tito Mboweni has urged Parliament to pass the Budget legislation he tabled in February as soon as possible, because until this is done, a revised Budget cannot be tabled.
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Mboweni: I lost the debate on alcohol and cigarette sales
President Cyril Ramaphosa last week said cigarettes would be on sale from 1 May, but this was rolled back when COGTA Minister Nkosazana Dlamini-Zuma said the ban would remain in place.
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Treasury to replace COVID-19 disaster management procurement strategy
It said with South African companies stepping up to help supply products to fight COVID-19, it was committed to ensuring fair and transparent processes.
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Mogajane: IMF loan would come with 1% interest
This comes after President Cyril Ramaphosa said that a R500 billion stimulus package was being made available by government to help the country through the COVID-19 pandemic.
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LIVE BLOG: Social grant top ups a temporary measure not permanent - Mboweni
Finance Minister Tito Mboweni will on Friday afternoon provide details on the R500 billion COVID-19 economic relief packages announced by President Cyril Ramaphosa earlier this week.
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Treasury briefs Parly on tax relief measures for citizens, businesses
The Draft Disaster Management Tax Relief Bill contains the latest proposed amendments in regard to tax relief measures to soften the economic blow caused by the COVID-19 pandemic.
