National Treasury

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Background

Local

NUMSA marches to Treasury over non-compliant security firms

The National Union of Metalworkers of SA (NUMSA) marched to the National Treasury in Pretoria today. The union demands that the government cut ties with security companies violating collective agreements—including Modise Security, Mjayeli Security, Kya Guard Security, and Urban Ithuba Security. Numsa’s national spokesperson, Phakamile Hlubi-Majola, argues that these companies have engaged in fraudulent activity and desires for the National Treasury to revoke their contracts and blacklist non-compliant companies. “Security […]

today31 October 2025

Local

Public Service to lose 3.9bn on Ghost Workers

By Rachel Mohamed The public service is estimated to lose nearly R4 billion each year due to ghost employees. This figure was presented to Parliament and highlights the extent of systemic fraud currently being investigated by the National Treasury, the Department of Public Service and Administration (DPSA), and the Auditor-General of South Africa (AGSA). In an interview with VOC News, Dr. Sysman Motloung, a Lecturer in Political Studies and International […]

today18 September 2025

Local

MPs concerned over SASSA’s new grant verification process

Members of Parliament have raised concerns about SASSA’s new grant verification process, which requires in-person reviews and biometric checks. The new approach has made it increasingly difficult for many low-income and rural beneficiaries to access their grants. The National Treasury has warned that it may withhold funding if SASSA fails to meet specific conditions, including income verification and regular database checks. With nearly half the population relying on social grants, […]

today20 June 2025

Local

Eskom debt albatross hangs over plans to stabilise budget

Finance minister Enoch Godongwana faces the task of incorporating a credible debt relief plan for the stricken state power utility in the national budget while stabilising government finances as record blackouts weigh on the economy. The minister said in October the state will absorb between one- and two-thirds of Eskom’s liabilities of about R400bn. The amount and some of the transfer terms are likely to be announced in his budget […]

today20 February 2023

Local

Cosatu vows to push back against proposed wage cuts

Trade union federation Cosatu has labelled the 2020 Budget "provocative", saying that instead of a clear diagnosis of the problems facing SA, National Treasury attempted to "dump the bill for industrial-scale looting on public servants". A key item in the Budget was a proposal to cut the state's wage bill by R160.2 billion over three years. Treasury proposed cuts of R37.8 billion in 2020/21, R54.9 billion in 2021/22 and R67.5 […]

today27 February 2020

Uncategorized

Prasa’s Spanish supplier paid R75m ‘consulting’ fees to Montana’s ‘friend’

The Spanish manufacturer of Prasa's controversial Afro4000 locomotives failed to disclose payments of over R75m made to a former colleague and "friend" of the embattled state-owned company's former CEO, after National Treasury asked the European rail company about its financial ties with local "subcontractors" and "partners". News24 can today reveal that Vossloh España, the supplier of the ill-fated trains to the Passenger Rail Agency (Prasa), paid altogether R75m to S-Investments, […]

today15 January 2018

Local

Cabinet reshuffle didn’t weaken the rand: Gigaba

Finance Minister Malusi Gigaba on Thursday denied that the recent Cabinet reshuffle which saw him catapulted to head up National Treasury had weakened the rand against other currencies. This comes after the rand went in freefall on 30 March, plummeting four percent to R13.29 to the US dollar, following the news that President Jacob Zuma had fired Pravin Gordhan as well as his deputy Mcebisi Jonas. Speaking on the topic […]

today5 May 2017

Local

Civil society groups to protest against cabinet reshuffle

Civil society groups will gather outside the offices of the National Treasury in Pretoria on Monday morning. This in protest against what they call attacks on the Treasury and State capture. The protest follows President Jacob Zuma's cabinet reshuffle which included axing of Finance Minister Pravin Gordan and his deputy Mcebisi Jonas. Zuma has since appointed Malusi Gigaba and Sfiso Buthelezi as Finance Minister and deputy minister respectively. “We are […]

today3 April 2017

News

Economic impact of NPA summons of Gordhan

As the focus within South Africa has largely been directed toward the on-going #FeesMustFall protests, chaos within National Treasury appears to have taken a backseat. Over the past few months, embattled finance minister, Pravin Gordhan has been fanning flames of his alleged contravention of the National Strategic Intelligence Act and the Public Finance Management Act. The allegations are related to his approval of former South African Revenue Service (SARS) commissioner […]

today12 October 2016

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