In the Budget Policy Statement 2018, Treasury is banking on EPZs to help attain President Uhuru Kenyatta’s dream of creating jobs through manufacturing.
This contrasts sharply with the high level of discipline put in place through the Treasury Single Account, being implemented by the Buhari-led government.
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.
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!"
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.
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.
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.
The reports were published by National Treasury on Friday.
National Treasury announced it made “substantial” progress on the NHI Bill consultation and have reached agreement on most of the major issues.
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.