Business In The News South Africa

Gigaba announces MTBPS date, says Treasury will manage government debt

JOHANNESBURG, September 11 – Finance Minister Malusi Gigaba on Monday announced that he would deliver his inaugural Medium-Term Budget Policy Statement (MTBPS) next month on October 25. The MTBPS is a government report providing information on the country’s economic context, fiscal objectives, and spending priorities over a three-year period. “We will outline what we will […]

Business In The News South Africa

National Treasury tells MPs that PWC report alleges Eskom-Tegeta contract was hastily and poorly drafted

PARLIAMENT – PricewaterhouseCoopers found that Eskom’s coal contract with Tegeta was hastily and poorly drafted and quality requirements were treated in a cursory manner, National Treasury told MPs on Tuesday. Solly Tshitangano, a deputy director general and acting chief procurement officer, said the auditing firm also found that safety and environmental checks were only performed […]

In The News South Africa

Another top official leaves Treasury

PARLIAMENT – National Treasury on Tuesday confirmed that long-serving top official Andrew Donaldson has taken early retirement and left the department. Donaldson, a deputy director general who has served as the acting head of the Government Technical Advisory Centre, left at the end of March, Treasury spokeswoman Yolisa Tyantsi said. The department said Donaldson was […]

Exclusive In The News South Africa XposE´

SAA’s foreign consultants flouted SA laws

Staff Reporter Foreign consultants without valid work permits were granted entry into the country to do work for troubled South African Airways (SAA). Weekly Xposé can reveal that last month, several consultants from Seabury Consulting, a New York-based consulting firm contracted by the national carrier to the tune of R60m to review its business realignment plan, […]

In The News South Africa

Eskom confirms it has requested certain procurement exemptions for proposed nuclear build

CAPE TOWN – Eskom has confirmed asking National Treasury to grant it exemptions from procurement regulations for its nuclear power expansion programme. Dave Nicholls, the utility’s chief nuclear officer, said he submitted a request to the office of the Chief Procurement Officer to waive certain requirements in terms of Public Finance Management Act regulations relating […]