List
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National Treasury head office in Pretoria | |
Department overview | |
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Formed | 31 May 1910 |
Jurisdiction | Government of South Africa |
Headquarters | Old Reserve Bank Building, 40 Church Square, Pretoria 25°44′44″S28°11′18″E / 25.74556°S 28.18833°E |
Employees | 1,167 (2009) |
Annual budget | R1,504.4 million (2010/11) |
Ministers responsible |
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Department executives |
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Website | www.treasury.gov.za |
This article is part of a series on the |
Politics of South Africa |
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The National Treasury is one of the departments of the South African government. The Treasury manages national economic policy, prepares the South African government's annual budget and manages the government's finances. Along with the South African Revenue Service and Statistics South Africa, the Treasury falls within the portfolio of the Minister of Finance. Throughout the course of President Jacob Zuma's second administration, the ministry has undergone several changes. Most notably, Nhlanhla Nene was suddenly dismissed on 9 December 2015, without explanation, and replaced with a relatively unknown parliamentary back-bencher from the ruling ANC's caucus, David 'Des' van Rooyen [1] for a record-total of 3 days. He was, in turn, replaced by Pravin Gordhan after the President faced significant pressure from political and business groups over the move. [2] On 30 March 2017 Jacob Zuma axed Pravin Gordhan and appointed Malusi Gigaba as a Finance Minister. [3] Following Zuma's resignation, President Cyril Ramaphosa returned Nhlanhla Nene as Minister in his cabinet reshuffle on 26 February 2018.
In the 2010 national budget, the Treasury received an appropriation of 1,504.4 million rand and had 730 employees. [4]
The Treasury has been responsible for South African Airways since December 2014 [5]
In 2017, a whistleblower notified the U.S. Securities and Exchange Commission and US Department of Justice, alleging possible violations of the Foreign Corrupt Practices Act in awarding of a R 1 billion (2015) (equivalent to R1.17 billion or US$ 88.54 million in 2018) [6] contract to the Oracle Corporation by National Treasury in 2015. [7]
In March 2024, the Special Investigating Unit found that there were conflicts of interest, irregular processes, and non-compliance with policies and legislation, and said it would petition to blacklist Oracle in South Africa, cancel the contract and recover the money paid. [8]
Trevor Andrew Manuel is a retired South African politician and former anti-apartheid activist who served in the cabinet of South Africa between 1994 and 2014. He was the Minister of Finance from 1996 to 2009 under three successive presidents. He was also the first post-apartheid Minister of Trade and Industry from 1994 to 1996 and later the Minister in the Presidency for the National Planning Commission from 2009 to 2014. He was a member of the National Executive Committee of the African National Congress (ANC) from 1991 to 2012.
Knowledge Malusi Nkanyezi Gigaba is a South African politician who served as Minister of Home Affairs of the Republic of South Africa appointed by President Cyril Ramaphosa from 27 February 2018 until his resignation on 13 November 2018. He also held the post from 25 May 2014 to 31 March 2017 as appointed by former President Jacob Zuma. He previously served as Deputy Minister of Home Affairs, Minister of Public Enterprises and Minister of Finance in the government of South Africa. He is currently a member of the National Executive Committee of the African National Congress.
The South African Revenue Service (SARS) is the revenue service of the South African government. It administers the country's tax system and customs service, and enforces compliance with related legislation. It is governed by the SARS Act 34 of 1997, which established it as "an organ of state within the public administration, but as an institution outside the public service." It thus has a significant degree of administrative autonomy, although it is under the policy control of the Minister of Finance. Effectively, SARS manages, administers, and implements the tax regime as designed by the Minister and National Treasury.
Corruption in South Africa includes the improper use of public resources for private ends, including bribery and improper favouritism. Corruption was at its highest during the period of state capture under the presidency of Jacob Zuma and has remained widespread, negatively "affecting criminal justice, service provision, economic opportunity, social cohesion and political integrity" in South Africa.
Nhlanhla Musa Nene served as the Minister of Finance of South Africa under President Jacob Zuma from 25 May 2014 until his controversial removal on 9 December 2015, and under President Cyril Ramaphosa from 27 February 2018 until his resignation on 9 October 2018. He also previously served as the Deputy Minister of Finance in the Cabinet of South Africa from November 2008 to May 2014, as chairperson of the Finance Portfolio Committee in the South African Parliament, and as a Member of Parliament for the African National Congress (ANC) starting in 1999. His home is in Kranskop, KwaZulu-Natal.
Pravin Jamnadas Gordhan is a politician and anti-apartheid activist who has held various ministerial posts in the Cabinet of South Africa. He served as Minister of Finance from 2009 until 2014 and again from 2015 until 2017, as Minister of Cooperative Governance and Traditional Affairs from 2014 until 2015, and as Minister of Public Enterprises since February 2018.
Ebrahim Patel is a South African politician and former trade unionist who has been Minister of Trade, Industry and Competition since May 2019. He previously served as Minister of Economic Development from 2009 to 2019.
South Africa is the only country in Africa with a commercial nuclear power plant.
State capture is a type of systemic political corruption in which private interests significantly influence a state's decision-making processes to their own advantage.
ANN7, later renamed to Afro Worldview, was a 24-hour satellite TV news channel that operated from August 2013 to August 2018 in South Africa. It was established and owned by the Gupta family. The channel was broadcast on the DStv satellite television service owned by Multichoice.
The Directorate for Priority Crime Investigation (DPCI), commonly known as the Hawks, is the branch of the South African Police Service which investigates organised crime, economic crime, corruption, and other serious crime referred to it by the President or another division of the police. The unit was established in 2008 by President Jacob Zuma to replace the disbanded Scorpions.
David Douglas "Des" van Rooyen is the former Minister of Cooperative Governance and Traditional Affairs and Minister of Finance of the Republic of South Africa. He took office on 13 December 2015 and was dropped from cabinet on 27 February 2018 by President Cyril Ramaphosa.
Duduzile "Dudu" Cynthia Myeni is a South African businesswoman, a former chairperson of South African Airways SOC Limited, and former executive chairperson of the Jacob Zuma Foundation since September 2008.
Mcebisi Hubert Jonas is a former Deputy Finance Minister of the Government of South Africa who served from 2014 to 2016. He has also been a Member of the Executive Council for Economic Development and Environmental Affairs in the Eastern Cape province of South Africa under the Premier of the Eastern Cape Phumulo Masualle, and was a Member of the National Assembly of South Africa from 2014 to 2017.
The Gupta family is a wealthy and influential business family from India, with close ties to former South African President Jacob Zuma and his administration. The family's most notable members are the brothers Ajay, Atul, and Rajesh "Tony" Gupta—as well as Atul's nephews Varun, and US-based Ashish and Amol.
Jacob Zuma's tenure as South Africa's fourth post-apartheid president began on 9 May 2009 and ended on 14 February 2018. He held office under a mandate from the parliamentary caucus of the African National Congress (ANC), which had governed South Africa since 1994 and which won comfortable majorities in the 2009 and 2014 national elections. His presidency was beset by controversy, and he faced, and defeated, an impeachment attempt and a record eight motions of no confidence in the South African Parliament, four of which went to a vote. His party asked him to resign in February 2018, ahead of the constitutional end of his second term.
Solly Afrika Mapaila is a South African politician who is the General Secretary of the South African Communist Party, he was elected unopposed on 15 July 2022 in his current position at the SACP National Congress. Solly Mapaila was appointed as the Second Deputy General Secretary of the South African Communist Party in 2012.
The President's Keepers: Those Keeping Zuma in Power and out of Prison a 2017 book by Jacques Pauw, a South African investigative journalist, about allegedly corrupt and compromised power networks in the South African government under President Jacob Zuma.
The Judicial Commission of Inquiry into Allegations of State Capture, Corruption and Fraud in the Public Sector including Organs of State, better known as the Zondo Commission or State Capture Commission, is a public inquiry established in January 2018 by former President Jacob Zuma to investigate allegations of state capture, corruption, and fraud in the public sector in South Africa.
Enoch Godongwana is a South African politician and former trade unionist who is currently serving as the Minister of Finance since August 2021. He is a member of the National Executive Committee of the African National Congress (ANC).