national treasurylatest news & developments

TIM COHEN: A genius idea for a pot of boodle

How to Solve SA’s R51bn unclaimed pensions problem

Joburg decay. Rawpixel/Currency collage.

Municipalities can’t treat Treasury like a piggy bank 

Treasury’s decision to withhold funding to a raft of municipalities is not about punishment, but about restoring accountability

Council fantasy budgets with unicorn. Rawpixel/Currency

The Liz Truss theory of municipal finance

Nearly half of South Africa’s local councils are presenting budgets based on huge helpings of unrealistic hope

Treasury withholds money from municipalities. Rawpixel/Currency

Treasury draws a line on failing municipalities

Treasury freezes July funding to 69 municipalities, including Joburg, in its toughest push yet for fiscal discipline

capital controls. Rawpixel/Currency collage

The legal problem with Treasury’s new capital controls 

New exchange control proposals depend heavily on discretionary approvals and exemptions that invite inconsistency, unpredictability and arbitrariness

traffic lights. robots.

Political suicide for the ANC in Joburg

After Enoch Godongwana’s eviscerating letter to Joburg, the majority party in the metro has vanishingly few places to turn

Crypto red-tape strangles South Africa

Exchange control and crypto: how Treasury fossils flunked it

South Africa’s new crypto regulations are as inflexible and out-of-step with a new world order as existing Apartheid-era exchange controls

CAPE TOWN, SOUTH AFRICA – MARCH 31: A petrol attendant fills a car on March 31, 2026 in Cape Town, South Africa. Motorists in South Africa are expected to see the price of petrol rise by about 15% and diesel up to 40%, despite the South African government introducing a reduction in fuel levy for April by 3 rand, as the global supply chain continues to be impacted by the conflict in the Middle East, and Iran’s closure of the Strait of Hormuz. (Photo by Per-Anders Pettersson/Getty Images)

Fuel relief puts Godongwana (and Kganyago) in a bind  

Treasury’s fuel-price relief ends in July, and if the Iran war drags on, the prime interest rate could surge above 11.5%

RAF. Sunshine hospital.

RAF dealt twin blows by SCA – with no clear path to pay

Two legal findings against the RAF will only add to its parlous financial position

Post Office, Post Bank. Rawpixel/Currency collage

Can Postbank survive as SAPO liquidation closes in? 

An inexplicable R4.2bn write-off has blown a hole in Postbank’s capital position – and may finally scupper its banking ambitions

RAF car pothole. Rawpixel/Currency collage

RAF’s unpaid claims explode to R100bn

Unpaid claims have soared to more than double the Road Accident Fund’s budget. And there are no solutions (yet) to its staggering unravelling

Sin taxes strangle. Rawpixel/Currency collage

Rethinking sin taxes: protect consumers, not criminals

National Treasury keeps scoring own goals – including its insistence on imposing above-inflation increases in excise duties

Enoch Godongwana (Feb 27) and Lesetja Kganyago (July 18): Photos by Per-Anders Pettersson/Getty Image

Godongwana claims control of new 3% inflation target

The finance minister made clear that lowering the inflation target to 3% was his call, in a move that could reset monetary policy for a generation

Dondo Mogajane. (Photo by Gallo Images/Brenton Geach)

Former Treasury DG resigns in the wake of corruption allegations

Could it be that the penny is dropping? Former Treasury director-general Dondo Mogajane has announced he will step down as CEO of the Moti Group and the chair of the Government…