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National Treasury has flagged a R2.1-billion unfunded gap in Johannesburg's new budget, saying city revenue projections appear overstated against audited results, with an overall deficit forecast at R7-billion. Treasury has urged the city to improve revenue collection and rationalise free water allowances, while Finance Minister Enoch Godongwana has separately threatened to withhold R8-billion in funding over an unaffordable R10.3-billion wage deal; the city says its third-quarter results show a turnaround, with debt-to-revenue at 30%, below Treasury's 45% benchmark, and settlement of a R1.44-billion bond.
DA urges Treasury to intervene in eThekwini crisisThe Democratic Alliance has called on National Treasury to intervene in eThekwini Municipality, whose debt book exceeds R46-billion and is rising by about R2-billion a month amid unauthorised and irregular expenditure.
Draft capital flow rules and crypto tax guide draw scrutinyNational Treasury's Draft Capital Flow Management Regulations, published for comment, have drawn criticism from AfriForum Sakenetwerk over broad discretionary powers to approve, freeze or forfeit transactions, which it warns could deter investment. Treasury sits on the Eskom Restructuring Task Team examining moving the Grid Access Unit into the National Transmission Company, a process industry figures say could take until 2029.
National Treasury Updates
As part of its intensified drive to combat fraud, theft and corruption across its business, State-owned Transnet Port Terminals (TPT) says it has successfully applied to the National Treasury for...
The MKP and the EFF have strongly condemned the National Treasury’s decision to temporarily withhold R13.5-billion in local government equitable share transfers from 69 non-compliant...
Following testimony presented to the Madlanga Commission that raised allegations of improper conduct involving a former National Treasury employee, Treasury has appointed external forensic...
Industry bodies the Steel and Engineering Industries Federation of Southern Africa (Seifsa), the Manufacturing Circle and the Powerline and Substation Association (Polasa) have noted, with concern,...
National Treasury said it will release funding that’s been withdrawn from dozens of municipalities after they’ve submitted plans on how they’ll pay their debts. The Treasury on Tuesday withheld...
National Treasury is temporarily withholding the July equitable share transfers to 70 municipalities across all nine provinces in an effort to “instil fiscal discipline and ensure that public money...
The South African Department of Home Affairs has initiated a major recruitment drive to hire 301 additional immigration officers, aiming to drastically bolster the country's border security and law...
Trade, Industry and Competition Minister Parks Tau says he is encouraged by the findings of a comprehensive study by multilateral public development institution the World Bank on South Africa’s...
Eskom’s Grid Access Unit (GAU) must be moved to the National Transmission Company South Africa (NTCSA) as soon as possible, says Sola Group CEO Dom Wills. Speaking at a Webber Wentzel Power...
Johannesburg is starting a new financial year with a multibillion-rand budget that’s not fully funded, potentially deepening a crisis that’s already left it unable to pay for power and fuel...
New research into the crisis afflicting the City of Johannesburg warns that the widening structural imbalance between the metro’s operating expenditure and capital expenditure (capex) poses a...
President Cyril Ramaphosa appointed former National Treasury budget chief Michael Sachs as his economic adviser, bringing a respected fiscal policy technocrat back into the government as the...
Infrastructure South Africa (ISA) has raised concern about the high level of tender cancellations, which it believes is having a negative impact on the construction market, as well as on meeting...
Eskom’s Grid Access Unit (GAU) must be moved to the National Transmission Company South Africa (NTCSA) as soon as possible, says Sola Group CEO Dom Wills. Speaking at a Webber Wentzel Power...
South Africa’s recent credit-rating upgrades are a strong endorsement of government policy and show the nation can restore its coveted investment-grade status if it stays on track, said the...
State-owned development finance institution the Development Bank of Southern Africa (DBSA) is positioning itself as a key enabler of South Africa’s energy transition and infrastructure development...
During a recent joint meeting of the portfolio committees on electricity and energy and cooperative governance and traditional affairs it became clear there is some sympathy for Eskom when it comes...
The National Treasury has successfully achieved its budgeted foreign currency funding requirement for the 2026/27 fiscal year. The $3.2-billion foreign funding programme has been fully funded...
Eskom Green, which has now been officially launched, reports that it intends implementing an initial 2 GW pipeline of advanced utility-scale renewables projects in partnership with private...
The Eskom Restructuring Task Team (ERTT) has outlined the terms of reference guiding its deliberations on the establishment of an independent State-owned Transmission System Operator (TSO) that...
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