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ismail momoniatlatest news & developments
Duncan Pieterse, who helped craft the government’s solution to Eskom’s debt despair, has been appointed director general at the national treasury.

Duncan Pieterse takes treasury top job

The new director general played a key role in developing the Eskom Debt Relief Bill

The country’s financial systems, especially international transfers, must be fit for purpose in the digital age. Photo: File

Despite progress, South Africa’s greylisting is in black and white

Financial Action Task Force noted the country made ‘a high-level political commitment’ to work with the watchdog to tackle money laundering

Finance Minister Enoch Godongwana.

Godongwana says risk of grey-listing is real

The finance minister said South Africa still needs to address shortcomings but hopes the sanctions will not be severe

Finance Minister Enoch Godongwana. (David Harrison/M&G)

Controversial government spending cuts ‘paid off’

Fiscal consolidation is drawing to a close as the public purse was boosted by commodities, but the treasury will probably continue exercising restraint

Finance Minister Enoch Godongwana. (David Harrison/M&G)

Treasury lauds success of fiscal consolidation efforts

The state is set to achieve a primary budget surplus a year earlier than expected

Chief Justice Raymond Zondo hands over the last part of his report to President Cyril Ramaphosa. Photo: Ntswe Mokoena

Why state capture could see SA greylisted

The Gupta era exposed the flaws in the country’s anti-money laundering framework and now the government is dealing with the consequences

Government forges on with dirty money clean up to avoid greylisting

Ismail Momoniat is hoping to take ‘a massive step forward’ in fortifying the country’s money laundering controls by passing two bills before next February

What the Fica? South Africa’s possible greylisting in black and white

South Africa’s banks and the treasury must address legal loopholes and weaknesses by October or face greylisting by global money laundering watchdog

Ismail Momoniat

Ismail Momoniat appointed acting director general of the treasury

Momoniat’s temporary appointment follows the resignation of former director general Dondo Mogajane, who worked in the ministry for 23 years.

It’s a history littered with lessons and crumbs of what was to become the SAA privatised. (Oupa Nkosi)

The treasury and the neoliberal agenda destroyed the state airline’s capabilities

It’s a history littered with lessons and crumbs of what was to become the SAA privatised

Ismail Momoniat

Corporate tax cut will be revenue neutral — Momoniat

The surprise 1% reduction will result in a wider, more compliant corporate tax base, according to Ismail Momoniat

Awaiting punters: Although there was some narrowing of the gap between men and women between April and June, women have still experienced greater job losses during the pandemic. The gender pay gap among the poor also widened during this period. (Michele Spatari/AFP)

‘Startling’ bounce-back for SA’s labour market — Nids-Cram survey

A new data release shows that employment may have reached pre-Covid-19 levels. Still, many who’ve lost their jobs have not managed to get back to work

The panel will interview and shortlist candidates for the position of commissioner for recommendation to President Cyril Ramaphosa. (Gallo Images)

Sars to get new taxman ‘in next few weeks’

A panel of experts appointed by the finance minister is looking for Tom Moyane’s replacement

Pravin Gordhan has strongly denied that his daughter did business with the State. (Oupa Nkosi/M&G)

Zuma expressed ‘extraordinary interest’ in Sars boss — Gordhan

Pravin Gordhan tells Zondo commission former president Jacob Zuma prolonged the appointment of a new Sars commissioner until after the May 2014 polls

EFF deputy president Floyd Shivambu. (Madelene Cronje/M&G)

Parly to probe Shivambu over alleged undisclosed VBS payments

A committee will look into allegations the EFF chief whip received payments from VBS which he failed to declare in Parliament

Regulator: The South African Reserve Bank will have the final say on the granting of licences to any new state-owned banks. (Oupa Nkosi)

Experts queasy over SOE bank Bill

The treasury’s proposed changes paving the way for SOE banks come with strict conditions, but analysts point to already troubled institutions

Judge Robert Nugent asked Momoniat to go through his submission on proposed amendments to the way SARS functions.

Sars shortfall to blame for VAT hike – Treasury

Treasury would not have needed to increase value added tax if not for the revenue shortfall at Sars says deputy director general at treasury

“You know why [they are critical]

Malema: Some black journalists are ‘house n#!@*rs’

The EFF leader told the crowd not to be apologetic when fighting for Africans, because they were the most oppressed

By targeting Indians in particular

Panicky EFF sinks into gutter of racism

Moves to right the state capture ship have taken the wind out of its sails, so it wreaks havoc elsewhere

EFF leader Julius Malema. File photo

Minority rights group takes on Malema – again

The EFF president has received reproval from a minority rights group for his comments claiming the majority of Indians are racist