South African taxpayers have forked out an estimated R521-billion over the last 15 years to keep state owned enterprises (SOEs) alive, and have received nothing in return. Despite the bailouts, many companies continue to fail due to financial mismanagement and corruption, and the bailouts may be much higher than the National Treasury estimates. During a Read more >
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CORRUPTION NEWS
Finance minister Enoch Godongwana addressed attendees at the National Treasury’s third Public Finance Management Conference which took place on 20 September 2023. The theme was Innovative and Agile Public Service Funding and Delivery during Volatile, Uncertain, Complex, and Ambiguous (VUCA) Times. Godongwana had a few profound things to say about public procurement in light of Read more >
CORRUPTION NEWS
Auditor-General (AG) Tsakani Maluleke, in a statement issued on Wednesday 5 April 2023, has welcomed Finance Minister Enoch Godongwana’s decision to withdraw the controversial exemption of Eskom from section 55(2)(b)(i) of the Public Finance Management Act and Treasury Regulation 28.2.1 for three years. This exemption meant that the struggling power utility would not have had to Read more >
CORRUPTION NEWS
National Treasury (NT) has finally tabled its 2021/22 annual report in Parliament, after finance minister Enoch Godongwana had asked the parliamentary speaker Nosiviwe Mapisa-Nqakula to extend the deadline of 15 January. NT’s 2021/22 annual report was delayed because of an ongoing dispute between NT and the Auditor-General of South Africa (Agsa), which gave the report Read more >
CORRUPTION NEWS
Source: National Treasury Finance minister Enoch Godongwana has tabled the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill [B18-2022] in Parliament, in terms of Joint Rule 159. The Announcements, Tablings and Committee report no 125-2022, issued by Parliament on 25 August 2022, has confirmed that the Bill has been submitted to the Standing Committee on Finance and Read more >
PRESS RELEASES
Tomorrow, 23 February, Finance Minister Enoch Godongwana will table the 2022 national budget – his maiden speech, and the first post-crisis budget. There is widespread consensus on the need for inclusive growth and job creation, and the Budget Justice Coalition (BJC) strongly believes that economic recovery and a pro-poor budget can co-exist. However, the regression Read more >