National Treasury (South Africa)

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 appoint 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.

National Treasury

National Treasury head office in Pretoria
Department overview
Formed31 May 1910
JurisdictionGovernment of South Africa
HeadquartersOld Reserve Bank Building, 40 Church Square, Pretoria
25°44′44″S 28°11′18″E
Employees1,167 (2009)
Annual budgetR1,504.4 million (2010/11)
Ministers responsible
Department executive
  • Director-General: National Treasury
Websitewww.treasury.gov.za
South Africa
This article is part of a series on the
politics and government of
South Africa
Constitution
Executive
Legislative
Judiciary
Elections
Administrative divisions
Foreign relations
Related topics
 South Africa portal

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]

Ministers
Main article: Minister of Finance (South Africa)

References
  1. "Nhlanhla Nene removed as finance minister". Mail & Guardian. Retrieved 30 May 2017.
  2. "Pravin Gordhan announced as new Minister of Finance". eNCA. Retrieved 30 May 2017.
  3. Staff Reporter. "President Jacob Zuma has fired finance minister Pravin Gordhan". The M&G Online. Retrieved 2017-08-04.
  4. "Vote 9: National Treasury" (PDF). Estimates of National Expenditure 2010. Pretoria: National Treasury. 17 February 2010. ISBN 978-0-621-39079-7. Retrieved 30 August 2010.
  5. "Responsibility for SAA transferred across to Minister of Finance - Treasury - POLITICS | Politicsweb". www.politicsweb.co.za. Retrieved 2016-11-02.

?


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.