Business In The News South Africa

Gigaba to face rating agencies and investors at IMF and World Bank meetings

JOHANNESBURG, October 12 – Finance minister, Malusi Gigaba, is set to meet with sovereign credit rating agencies and investors in Washington D.C. this week as he tries to quell fears about the country’s political and fiscal uncertainty. This comes as Gigaba has demanded that the Public Investment Corporation (PIC), the country’s biggest investor in the economy, reveal its investments […]

Business In The News South Africa

Treasury to give SAA R10 billion in special appropriation

 PARLIAMENT, September 13 (ANA) – National Treasury has agreed to give South African Airways a special appropriation of R10 billion by the end of September, director-general Dondo Mogajane told MPs on Wednesday. “It will be for R10 billion, we have decided, because that will cover everything,” he said during a briefing on the ailing airline’s latest […]

Business In The News South Africa

Spending on new finance management system frozen – DG Mogajane

PARLIAMENT, August 29 – Director General of Finance Dondo Mogajane on Tuesday, said he halted all payments in relation to the Internal Finance Management System earlier this month in response to dozens of adverse internal audit findings on the process. Mogajane also told Parliament’s watchdog Standing Committee on Public Accounts (Scopa) that he had ordered […]

In The News South Africa

Banking Association welcomes Mogajane’s appointment as Treasury DG

JOHANNESBURG, June 8 – The Banking Association of South Africa (BASA) has welcomed the appointment of Dondo Mogajane as National Treasury’s new director general, saying that it was a step in the right direction that would boost investor confidence. National Treasury announced Mogajane on Wednesday as its new director-general after Cabinet confirmed his appointment. In a […]