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South Africa: What the Hijacking of South Africa's Treasury Means for the Economy
The Conversation Africa, 14 November 2017
South Africa has been rocked by news that President Jacob Zuma has bulldozed the country's National Treasury to adopt a fee free higher education proposal without following… Read more »
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South Africa: Resignation of Michael Sachs Plunges the Budget Process Into Chaos in the Middle of a Fiscal Crisis
DA, 13 November 2017
The Minister of Planning, Monitoring and Evaluation, Jeff Radebe, tried to reassure us that there was "nothing to fear" from the new "budget prioritisation framework" during his… Read more »
What Is Happening at South Africa's Treasury?
The recent proposal by President Jacob Zuma for fee-free tertiary education which was allegedly forced on the national treasury, is what could have pushed the Treasury's chief, Michael Sachs to resign, says Sean Muller in a Conversation Africa interview. Coupled with this is the scrutiny under which the new Finance Minister Malusi Gigaba falls, given his alleged association with the Gupta family who have been implicated in a state capture report by the then public protector Thuli Madonsela. This and other corruption cases has seen the rand takes a further knock, negatively impacting economic growth.
InFocus
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Finance Minister Malusi Gigaba stressed that inclusive growth and economic transformation should be advanced, despite the country's bleak economic outlook. Read more »
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Minister Malusi Gigaba's call for an urgent judicial enquiry into the woeful performance and governance issues at the South African Revenue Service is likened to a juggling act ... Read more »
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The redistribution of wealth, land and opportunity for the black majority will be necessary to radically transform the country's economy, new Finance Minister Malusi Gigaba has ... Read more »
