Treasury

A South African Airways aircraft on the apron of Frankfurt Airport in 2018. Silas Stein/picture alliance via Getty Images South Africa’s National Treasury wants strict conditions attached to any guarantees it provides for loans to the country’s embattled state airline, according to two people familiar with the matter.Treasury and Department of Public Enterprises officials met…

Minister of Finance, Tito Mboweni, addresses the media during the 2020 National Budget Press Conference in Cape Town. (Photo by Gallo Images/Ziyaad Douglas) Gallo Images/Ziyaad Douglas President Cyril Ramaphosa announced a R500 billion Covid-19 package in April but the supplementary budget did not allocate the whole amount.National Treasury says the stimulus package will remain R500…

Minister of Finance, Tito Mboweni, addresses the media during the 2020 National Budget Press Conference in Cape Town. (Photo by Gallo Images/Ziyaad Douglas) Gallo Images/Ziyaad Douglas Zero-based budgeting will be followed for future planning of the country's finances, said Finance Minister Tito Mboweni.The minister was delivering an address apart of the National Assembly debate on…

first wrote about the controversial contract – and Afrirent payments to a Julius Malema-linked account – after sources raised allegations of political meddling by the EFF.The city maintained the award to Afrirent was above board and followed proper procurement processes.Afrirent garnered the main fleet contract, worth well in excess of a billion rand, after the…