National Treasury

THREE-MONTH EXTENSION OF THE COVID-19 LOAN GUARANTEE SCHEME

 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...

National Treasury ·about 3 years ago

National Treasury's Response To Allegation By Tokyo Sexwale

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 ...

Phumzile Mavimbela·about 3 years ago

MINISTER OF FINANCE, ENOCH GODONGWANA, LED SA DELEGATION TO THE G20 FINANCE MINISTERS MEETING

The G20 meetings were dominated by the Russia-Ukraine conflict, as well as soaring food and energy prices

Joburg Post·almost 2 years ago

Minister of Finance Godongwane leads Cabinet intervention to Mangaung Municipality

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

Finance Minister Enock Godongwane·over 1 year ago

National Treasury calls for public Comments on pre-budget consultation process

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

Joburg Post·over 1 year ago

Cabinet approves Bill to strengthen fight against Money laundering

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

Joburg Post·over 1 year ago

National Treasury clarifies Preferential Procurement Regulations

A Constitutional Court judgement ruled that the Minister of Finance exceeded his powers in prescribing the 2017 Regulations

National Treasury·over 1 year ago

Medium term Budget Policy statement date confirmed

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

Joburg Post·over 1 year ago

Minister of Finance Enoch Godongwane hosts Swiss delegation

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

Joburg Post·almost 2 years ago

National Assembly passes the Division of Revenue Amendment Bill

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)

Parliamentary Press·over 1 year ago

Treasury Addresses The Processes And Approach To Preservation And Access To Retirement Savings.

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...

Phumzile Mavimbela·over 2 years ago

Response to media reports on ESKOM request for funding to purchase diesel

"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

National Treasury·over 1 year ago

Eskom Municipal Debt Relief Support Programme – Date for Applications Extended

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.

National Treasury·6 months ago

BREAKING NEWS: Godongwana gives in to pressure, withdrawing Eskom's exemption

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  ...

Tshegofatso Makola·about 1 year ago

Eskom's exemption from National Treasury receives wide-range criticism

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 ...

Tshegofatso Makola·about 1 year ago

Johannesburg council approves 20-year plan with independent power producers

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...

Neo Poho·2 months ago

The City of Johannesburg on the verge of losing developmental grant

National Treasury has notified the City of Johannesburg that it plans to cut the metro’s conditional grants by just over R1 Billion.

Neo Poho·2 months ago

"National Treasury will not increase the General fuel levy and Road Accident Fund (RAF) levy for 2024" - Finance Minister

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.

Neo Poho·about 2 months ago

Covid-19 SRD grant could increase in 2024

Finance minister Enoch Godongwana has hinted that the amount of R350 for the Covid-19 SRD grant could increase this year.

Neo Poho·about 2 months ago

"The Minister of Finance’s annual Budget is another indication of a panicking ANC Government" - Democratic Alliance

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.

Neo Poho·about 2 months ago

The Publication of the 2024 Draft Rates Bill, 2024 RLAB and Draft Global Minimum Tax Bills

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...

National Treasury·about 2 months ago

Sin Taxes to be increased alongside plastic bags and lightbulbs

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.

Neo Poho·about 2 months ago

Joint Statement by National Treasury and the Department of Public Works and Infrastructure on the National Treasury building lease

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...

National Treasury and the Department of Public Works and Infrastructure ·about 1 month ago

Social Relief Grant Adjustments in South Africa

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.

Neo Poho·18 days ago