SA Economy, the Reserve Bank and the Treasury

Collection by Deon Weber

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Deon Weber
See how President Jacob Zuma scores in the dictatorship stakes on a list of ten questions offered as a guide by a Harvard International Relations professor.

Rand gains as ANC contradicts Zuma on #GuptaEmails, calls for probe | Fin24

The rand has gained sharply as the ANC contradicted President Jacob Zuma regarding the leak of the #GuptaEmails, which implicated him and other officials in state capture.

Treasury vs Eskom: A government at war with itself Sunday Newspaper, See Games, Lady And Gentlemen, Denial, Finance, Interview, Politics, African, War

Treasury vs Eskom: A government at war with itself

South Africans were treated to an extraordinary sight on Monday night: the sight of a government at war with itself. The sight of the National Treasury telling the nation that Eskom was lying. At the same time, Eskom was accusing the National Treasury of “gaming”, of playing games with regulations and laws, all to protect itself. If ever you wanted proof that the instability in the ANC was going to have an impact on government, on governance, on our everyday lives, this was it. By STEPHEN…

A court battle is looming between the Reserve Bank and the public protector

Reserve Bank to seek urgent review of public protector's 'unlawful' remedial action - The Mail & Guardian

A court battle is looming between the Reserve Bank and the public protector

Gordhan gets tough on government procurement

Gordhan insisted Gigaba’s staff fly economy

National Treasury turned down a request from Home Affairs Minister Malusi Gigaba for staff travelling with him to fly business class, according to a response to parliamentary question. Finance Minister Pravin Gordhan gave details of instances where treasury received requests for permission to deviate from cost-containment measures introduced three years ago.

Religious leaders are praying for Finance Minister Pravin Gordhan, his deputy…

We are praying for you, Pravin - Archbishop Makgoba

Religious leaders are praying for Finance Minister Pravin Gordhan, his deputy and staff, Archbishop of Cape Town Thabo Makgoba said in an open letter on Wednesday. They and the vast majority of citizens were behind Treasury's "efforts to ensure that taxpayers’ money is spent for the benefit of all and not to enrich a few". Gordhan is set to table his medium-term budget in Parliament on October 26. "We want to highlight the critical values of openness and transparency and urge you within the…

The African National Congress was banned in South African on April

Suspension of loans is 'erroneous' – ANC

It was an unfortunate mistake to suspend loans to State Owned Enterprises, the ruling African National Congress (ANC) said on Thursday. This comes hours after Futuregrowth Asset Management announced it was suspending its loans due to possible “patronage network” and “conflicts” in government.

Photo: Finance Minister Malusi Gigaba addresses a breakfast briefing at the ANC's National Policy Conference, Johannesburg Photo: Ihsaan Haffejee

Gigaba releases grand plan for SA economy

Amidst extreme levels of unemployment and the economy in a recession, Finance Minister Malusi Gigaba announced a plan on Thursday to improve confidence in the economy and boost growth. While the intervention was welcomed, issues of political credibility and government’s implementation abilities could hold it back. By GREG NICOLSON & ORATENG LEPODISE

Fitch issues warning after SAA bailout

Concerns as SAA receives another bailout

The airline posted a net loss of R1.9-billion rand in March this year. Economists say the latest bailout could spark another ratings downgrade.

SA economy sheds another 48 000 jobs in quarter of Report Minister Oliphant meets with Chamber of Mines

SA economy sheds another 48 000 jobs in 1st quarter of 2017. Report

Radical enough?

A hawker prepares a cob of corn at his makeshift shop in Soweto, South Africa January Agriculture Companies, Healthy Corn, Poverty And Hunger, Gm Diet, Enjoying The Sun, Corn Starch, Amazing Photography, South Africa, Snacks

Downgrades, slow growth could negate benefits of record maize harvest

South Africa's credit downgrades and slow economic growth could negate the benefits of this year's record maize harvest, according to Wessel Lemmer, senior agricultural economist at Absa. Statistics South Africa recently indicated that the agricultural sector had increased 22% in the first quarter of 2017 and that a record maize harvest is expected this year.

 The role of South Africa’s central bank is at the centre of a heated debate.

Reserve Bank battle points to dangerous levels of intolerance - The Mail & Guardian

A financial system that is sure to collapse if the central bank cares about people’s well-being goes against democratic principle.

AG berates municipality leaders - The Mail & Guardian Image

AG berates municipality leaders - The Mail & Guardian

Irregular expenditure ballooned by billions of rands as municipal leaders looked elsewhere

Even Finance Minister Malusi Gigaba has publicly distanced himself from the recommendation that would cater for altering the SA Reserve Bank mandate.

Tools of destruction: Public Protector, Malusi Gigaba 'car crash' interview knock the rand - BizNews.com

Even Finance Minister Malusi Gigaba has publicly distanced himself from the recommendation that would cater for altering the SA Reserve Bank mandate.

Finance Minister Malusi Gigaba has re-entered a legal battle between the Department of Home Affairs and Oppenheimer aviation company Fireblade over a rejected application for customs and immigration services at its OR Tambo terminal.Fireblade is. Political Events, Political Party, Educational News, A Team, South Africa, This Is Us, Aviation, Finance
Political EventsFinance

SARB's independence is paramount, says Gigaba

"We need to protect at all times the independence of the South Africa Reserve Bank so we don't subject it to undue influence from anybody," FinMin Malusi Gigaba said.

Busisiwe Mkhwebane says the Reserve Bank should be consulting with Parliament and not Treasury, as is currently the case.

Public Protector wants to change Constitution on Reserve Bank

Busisiwe Mkhwebane says the Reserve Bank should be consulting with Parliament and not Treasury, as is currently the case.

The independence of the SA Reserve Bank is one of the strengths of the country’s financial system, former finance minister Nhlanhla Nene told

Nhlanhla Nene defends Reserve Bank as a shining star in SA | Fin24

The independence of the SA Reserve Bank is one of the strengths of the country’s financial system, former finance minister Nhlanhla Nene told Fin24.