national treasury fiscal sustainability

The 2024/25 Budget Vote of National Treasury: A Blueprint for Financial Stability and Economic Unity

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The 2024/25 Budget Vote of National Treasury is a blueprint for financial stability and economic unity in South Africa. It aims to reduce the fiscal deficit and debtservice costs through stringent spending controls and revenue initiatives, while promoting fiscal sustainability, economic integration through infrastructure development, and sustainable development. The plan requires the united efforts and commitment of all stakeholders, including the government, private sector, and citizens, to achieve its goals.

eskom anti-corruption

National Treasury Denies Eskom’s Partial Exemption Request

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The South African Minister of Finance has denied Eskom’s request for a partial exemption from disclosing irregular, fruitless, and wasteful expenditures, as well as material losses from criminal conduct in its annual financial statements. This decision highlights the need for Eskom to improve its operational efficiency and fight fraud and corruption before an exemption can be considered.

south africa national treasury

South Africa’s National Treasury Budget Vote 2023/24: Navigating Economic Challenges and Fostering Growth

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The Minister of Finance Enoch Gondongwana presented the National Treasury of South Africa’s Budget Vote for the 2023/24 financial year, highlighting the government’s efforts to foster higher and more inclusive economic growth, address fiscal vulnerability, and stabilize public finances. The total allocated budget for the National Treasury amounts to R34.9 billion, with 85% allocated to transfers and subsidies.

department of public enterprises minister gordhan

A Comprehensive Overview of the Department of Public Enterprises’ Work and Minister Gordhan’s Response to False Allegations

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The Minister of Public Enterprises, Mr. Pravin Gordhan, recently addressed the unfounded claims made by the DA. He believes that these claims are intended to mislead the South African public, gain political advantage, and destabilize the ongoing work to rebuild stateowned enterprises (SOEs). Minister Gordhan emphasizes that neither he nor the department will be deterred from their efforts to stabilize SOEs, enhance their governance, provide them with skilled leadership, and enable them to spearhead the government’s developmental and transformation agenda.

prasa legal woes

PRASA’s Legal Woes

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The Passenger Rail Agency of South Africa (PRASA) has been embroiled in a series of legal battles since early 2021, with the rail agency relying heavily on the services of the law firm De Swardt Myambo Hlahla Attorneys. However, concerns have been raised over PRASA’s procurement practices, with the National Treasury warning that the agency may have violated procurement regulations by using De Swardt, which is not on its legal panel.