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…
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.
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…
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.
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
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.
AG berates municipality leaders - The Mail & Guardian
Irregular expenditure ballooned by billions of rands as municipal leaders looked elsewhere