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Mid-term budget policy speech: full text

Read the full text of finance minister Tito Mboweni’s maiden mid-term budget speech below, or download it as well as the budget policy statement: 2018 MEDIUM TERM BUDGET POLICY STATEMENT The economy at a crossroads Madam Speaker President of the Republic Deputy President Cabinet Colleagues and Deputy Ministers Deputy Speaker Governor of the South African Read more >

CW requests to attend PIC AGM to ensure transparency

Corruption Watch has written a letter to the minister of finance, Malusi Gigaba, and his deputy, Sfiso Buthelezi, to request attendance at the forthcoming annual general meeting (AGM) of the Public Investment Corporation (PIC) on 17 November 2017. This arises out of the organisation’s concern about recent reports in the media highlighting instability and in-fighting Read more >

State employees benefit from irregular business with govt

The Office of the Auditor-General (AGSA) recently expressed concern to Parliament’s Standing Committee on Public Accounts (Scopa) that there have been no consequence for public officials doing business with the state, despite recommendations made years ago on how best to address the issue. Government has paid out millions over the past decade or so to Read more >

Zuma gets his Nkandla bill

Jacob Zuma’s portion of the Nkandla bill is a scant R7.8-million, says the National Treasury. The state purse-keeper submitted its report to the Constitutional Court on Monday, keeping to the deadline of 28 June. The amount is the equivalent of three years’ presidential salary. It now lies with the Constitutional Court to approve the determined Read more >

CW urges Treasury to investigate Eskom procurement

Corruption Watch urges Treasury to investigate alleged procurement irregularities at Eskom On Friday 24 June, Corruption Watch issued an urgent request to the National Treasury to investigate the manner in which Eskom manages its contracts with existing suppliers and its general adherence to supply chain processes, including its vetting processes. Corruption Watch is particularly disturbed Read more >

Budget 2016: clampdown on state-owned entities

Finance Minister Pravin Gordhan says government seeks to stop corruption, waste and the continued bailout of state-owned entities (SOEs). He delivered his much anticipated budget speech on Wednesday, amid cynicism over the economy. Gordhan also defended a measure undertaken by Treasury to review all contracts above R10- million. Earlier in the day, Treasury had released Read more >

Lewis: Too few firms with good governance records

South Africa has some “excellent institutions”, such as the South African Reserve Bank, the National Treasury, financial regulators, the competition authorities, the JSE and the sophisticated justice system that are “keeping the country afloat”, said Corruption Watch executive director David Lewis, speaking at the Chartered Secretaries’ Premier Corporate Governance conference on Tuesday. Discussing the topic Read more >

Central supplier database – useful info and downloads

The national treasury’s central supplier database (CSD) was launched last week by Finance Minister Nhlanhla Nene, at the East London Industrial Development Zone in the Eastern Cape. The database is one of the ways in which government plans to simplify its procurement process and cut down on corruption. The establishment of a CSD, says the Read more >

Nene targets waste and corruption

Finance minister Nhlanhla Nene has tabled his first medium-term budget. Speaking in Parliament yesterday, Nene showed that he was not afraid to make some tough decisions. Analysts have shown approval for his forthright stance on the country’s overspending and poor economic growth. “When we tabled the 2014 budget in February, we expected the economy to Read more >