finance minister

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Background

Local

Finance Minister reports progress in Eskom debt relief for municipalities

Finance Minister Enoch Godongwana announced progress on Eskom debt relief plan, with 70 municipalities approved and compliance improving from 55% to 76% since March, supported by National Treasury and provincial finance teams. Addressing parliament on Wednesday Godongwana called on government departments to pay their dues to help municipalities continue services and meet payments to Eskom and water boards. “Many of our municipalities face serious governance planning and financial management challenges. […]

today30 October 2024

Power Station and Eskom exemption withdrawn

News

Minister of Finance temporarily withdraws Eskom’s exemption

By Daanyaal Matthews Political parties, civil organizations, and analysts were up in arms at the news that Minister of Finance, Enoch Godongwana, had issued an exemption to Eskom, through a government gazette, that would see the energy giant exempt from reporting financial irregularities in its annual financial report. This exemption however has been – temporarily - withdrawn by the Finance Minister after holding discussions with the Auditor General (AG), with […]

today5 April 2023

Local

All eyes on Godongwana ahead of his Medium-Term Budget speech

Finance minister Enoch Godongwana will on Wednesday deliver the Medium-Term Budget Policy Statement (MTBPS) under a very difficult economic environment facing the country. The country and markets are anticipating resolutions around the Public Sector Wage Bill and Eskom’s debt burden amongst others. The biggest expectation will be the Basic Income Grant and whether or not it will be feasible in the near future and how the National Treasury will fund it […]

today26 October 2022

Local

Mboweni puts to rest rumours he may resign

Finance Minister Tito Mboweni has responded to suggestions he may resign with a tweet saying he was staying put in his post and working to fix South Africa's flagging economy. "There is a malicious rumour that I have resigned. It is untrue," Mboweni posted on his Twitter account late on Sunday. "I am firmly here as Minister of Finance. We have work to do. So much to do: fix our […]

today31 August 2020

Local

‘Unprecedented’ national effort underway to combat Covid-19 as infections rise and economy dies

A national rescue effort to save thousands of lives threatened by the spread of Covid-19, while attempting to preserve and reconfigure the economy is unfolding on a scale unprecedented in democratic South Africa. The depth of the crisis the country finds itself in was underscored by a series of dire developments on Tuesday, with the coronavirus infection rate seeing its largest single increase in recent weeks, with 143 more South […]

today15 April 2020

International News

Sanctions will not harm economy, says Qatar’s finance minister

Qatar can easily defend its economy and currency against sanctions by other Arab states, Qatari finance minister Ali Sherif al-Emadi told CNBC television in an interview broadcast on Monday. He said that the countries that had imposed sanctions on Qatar would also lose money because of the damage to business in the region. "A lot of people think we're the only ones to lose in this ... If we're going […]

today12 June 2017

Local

Gigaba’s first address to the NA as Finance Minister

At 16:16 Wednesday afternoon cheery cries of "Malibongwe!" rose from ANC benches, and a few groans from the opposition benches, as Malusi Gigaba stood up to address the National Assembly as finance minister for the first time. He started to speak, but not a squeak could be heard over the chamber's sound system. He tapped the microphone at his bench, but still no sound, apart from the stifled laughter from […]

today11 May 2017

Local

Zuma ‘cementing’ his support in Cabinet with reshuffle: analyst

However, should another vote of no confidence arise, Zuma may find himself without a job if enough ANC MPs are disgusted. In what can be described as a purge of dissenting voices, president Jacob Zuma last night axed a number of ministers and deputy ministers in a major Cabinet reshuffle. In reaction, political analyst Daniel Silke said the president had cemented his own support in Cabinet. “Zuma has ultimately done […]

today31 March 2017

News

Analysis of finance minister’s mid-term budget speech

Yesterday finance minister, Pravin Gordhan, delivered the much anticipated mid-term budget speech at Parliament, amid chaotic clashes between police and protesting #FeesMustFall students. The speech follows a raft of charges relating to the embattled minister’s tenure at the South African Revenue Service (SARS), for which he will appear in court on November 2, 2016. VOC’s Breakfast Beat spoke to associate analyst of Kagiso Asset management, Reza Ismail who dissected the […]

today27 October 2016

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