The Loan Guarantee Scheme (LGS) was announced by President Cyril Ramaphosa on 21 April 2020 as part of the Economic Stimulus Package and was designed to support small businesses that were experiencing financial distress as a result of t...
·about 3 years ago
Allegations made by Mr Tokyo Sexwale on alleged billions that have been deposited at the South African Reserve Bank (SARB) points to a common scam. Over the years, National Treasury and the SARB have received many such requests for, or ...
·about 3 years ago
The G20 meetings were dominated by the Russia-Ukraine conflict, as well as soaring food and energy prices
·almost 2 years ago
It is disheartening to see roads riddled with potholes, with little effort made to speedily execute the required repairs. For too long, basic, and critical infrastructure has been allowed to fall into disrepair
·almost 2 years ago
The project’s overall objective is to build the technical capacity of selected governments, enhance fiscal transparency and to support the implementation of a public participation pilot in the national budget cycle
·over 1 year ago
Cabinet approved the tabling of the Bill in Parliament at its meeting of 17 August 2022, demonstrating its commitment to the fight against corruption, money laundering and terror financing
·over 1 year ago
A Constitutional Court judgement ruled that the Minister of Finance exceeded his powers in prescribing the 2017 Regulations
·over 1 year ago
The Medium Term Budget Policy Statement sets government policy goals and priorities, forecasts macroeconomic trajectory and projects the fiscal framework over the next three years by outlining spending and revenue estimates
·over 1 year ago
The Minister of Finance, Mr Enoch Godongwana, this week, hosted a Swiss delegation led by the European country’s head of Economic Affairs, Education and Research, Federal Councillor Mr Guy Parmelin
·almost 2 years ago
The Bill was tabled in Parliament by the Minister of Finance, Enoch Godongwana, during the presentation of the 2022 Medium Term Budget Policy Statement (MTBPS)
·over 1 year ago
In response to the many media queries, National Treasury wishes to provide more details on the approach and planned timelines concerning the proposal to allow for greater preservation with limited pre-retirement withdrawals from retirem...
·over 2 years ago
"Eskom did not apply for funding through the budget process and Eskom management should therefore take all necessary steps to ensure they secure the diesel needed to avert severe loadshedding", National Treasury
·over 1 year ago
On 31 March 2023, National Treasury’s Intergovernmental Relations unit issued MFMA Circular No. 124 (https://bit.ly/43DcphL) as part of the Eskom Municipal Debt Relief.
·7 months ago
Finance Minister, Enoch Godongwana has given in to mounting pressure placed on him to retract the controversial exemption given to Eskom. This is following criticism from different corners of politics and the public raising concerns of ...
·about 1 year ago
Following the release of the government gazette that saw the exemption of embattled power utility, Eskom from declaring all wasteful expenditure, many have since come out to criticise the Minister of Finance, Enoch Godongwana as well as ...
·about 1 year ago
The City of Johannesburg’s council has given approval for a plan to go into a 20-year deal with independent power producers (IPPs) for new generation capacity however, the plan has a lot of boxes that still need to be checked before it b...
·3 months ago
National Treasury has notified the City of Johannesburg that it plans to cut the metro’s conditional grants by just over R1 Billion.
·2 months ago
Finance Minister Enoch Godongwana has revealed that the National Treasury will not increase the General fuel levy and Road Accident Fund (RAF) levy for 2024.
·2 months ago
Finance minister Enoch Godongwana has hinted that the amount of R350 for the Covid-19 SRD grant could increase this year.
·2 months ago
The Democratic Alliance (DA) has described the 2024 Budget Speech by the Minister of Finance, Enoch Godongwana as another indication of a panicking ANC government.
·2 months ago
The National Treasury and the South African Revenue Service (SARS) today publish, for public comment, the 2024 Draft Rates Bill (2024 Draft Rates Bill), the 2024 Draft Revenue Laws Amendment Bill, the Draft Global Minimum Tax Bill and th...
·2 months ago
Finance Minister Enoch Godongwana has announced that excise duties, also known as sin taxes, will be increased in South Africa, along with increases for plastic bags and lightbulbs.
·2 months ago
National Treasury and the Department of Public Works and Infrastructure (DPWI) have noted with concern recent reporting on the National Treasury lease and wish to clarify how government building leases work as well as correct certain fac...
·about 1 month ago
The Department of Social Development has officially gazetted the adjustments to the Social Relief of Distress (SRD) grant, which became effective on Monday, 1 April, 2024.
·22 days ago