Treasury News

Taxpayers lose 0.5 billion as EPZA is hit by another scandal

In the Budget Policy Statement 2018, Treasury is banking on EPZs to help attain President Uhuru Kenyatta’s dream of creating jobs through manufacturing.

The Standard , Kenya Nov 16, 2018

2019: Between ease of doing business and ease of doing fraud

This contrasts sharply with the high level of discipline put in place through the Treasury Single Account, being implemented by the Buhari-led government.

Punch , Nigeria Nov 16, 2018

Eskom Confidential: Koko, Daniels, Ngubane and the Gupta email account called Business Man

National Treasury on Friday published Fundudzi Forensic Specialist's final investigation report into financial irregularities at Eskom and Transnet relating to several widely publicised deals linked to state capture.

News 24 , South Africa Nov 16, 2018

Gigabye: 5 times Malusi Gigaba showed how seriously he took Parliament

READ: Malusi in the middle: Treasury report fingers Gigaba in Transnet train deal After announcing an increase in sin tax on alcohol, the then minister of finance quipped: "Eish!"

News 24 , South Africa Nov 16, 2018

We did nothing wrong, says municipality over multi-million rand VBS investments

In a statement issued on Friday, the municipality said its relationship with the bank dated back to February 2015 and, up until VBS was placed under curatorship three years later in March 2018, no institutions other than the Treasury raised a query about its investment.

Times Live , South Africa Nov 16, 2018

#News24 ICYMI: Top Eskom exec resigns after suspension; Kim Porter, Diddy's former girlfriend and mother of 3 children dies; at least 42 killed in Zimbabwe bus fire

Here are today’s top stories: Malusi Gigaba named in bombshell Treasury report on rot at Eskom, Transnet National Treasury has released a bombshell report of more than 600 pages detailing the extent of rot at Transnet and Eskom over the last six years – and says Malusi Gigaba compromised the procurement process of controversial new Chinese locomotives.

News 24 , South Africa Nov 16, 2018

Treasury wants the Hawks to investigate Koko and Singh

National Treasury has recommended that the Hawks initiate criminal investigations into former Eskom acting CEO Matshelo Koko and some of his executives, including Anoj Singh and Suzanne Daniels.

Times Live , South Africa Nov 16, 2018

Malusi in the middle: Treasury report fingers Gigaba in Transnet train deal

The reports were published by National Treasury on Friday.

News 24 , South Africa Nov 16, 2018

Treasury announces 'substantial' progress on NHI Bill process

National Treasury announced it made “substantial” progress on the NHI Bill consultation and have reached agreement on most of the major issues.

IOL , South Africa Nov 16, 2018

State capture: 'People need to go to jail'

Last year, while doing research about state capture and its impact on government, I sat down with Lungisa Fuzile, who had just departed National Treasury as director-general.

News 24 , South Africa Nov 16, 2018