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Articles on National Treasury

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South Africa President Cyril Ramaphosa: His party’s 2022 elective conference and the country’s 2024 national elections will define political choices. Getty Images

South Africa faces a slowly worsening chronic fiscal crisis

National Treasury’s strategy to overcome South Africa’s chronic fiscal crisis rests on highly uncertain political and economic foundations.
Kuben Naidoo, South African Reverse Bank deputy governor and CEO of the country’s Prudential Authority. Flickr/UNU-WIDER

Explainer: lessons from the collapse of a small South African bank

One of the main lessons from the VBS Bank collapse in South Africa is that audit reports need to be treated with a degree of circumspection. In some cases they will require independent verification.
There are claims President Jacob Zuma may push through irresponsible proposals relating to higher education funding. Reuters

What the hijacking of South Africa’s Treasury means for the economy

The imposition of the fee free higher education proposal on South Africa’s National Treasury without due consideration represents an escalation of the state capture led by President Jacob Zuma.
Social grant recipients waiting in Gugulethu, Cape Town. A battle over social grant payment tender threatens the system. EPA/NIC BOTHMA

The real risks behind South Africa’s social grant payment crisis

The South African Social Security Agency has created a crisis that threatens to deliver social grant recipients on a silver platter into the hands of unscrupulous financial services companies.
South African President Jacob Zuma just escaped a bid by some of his senior colleagues in the governing ANC to remove him. REUTERS/Rogan Ward

The South African economy will be bolstered if Zuma falls

The South African economy stands to benefit if the country’s president steps aside because he has had a destructive economic impact.
South Africa’s President Jacob Zuma is part of a faction which embraces patronage politics. Reuters/Mike Hutchings

Economic exclusion feeds the politics of patronage in South Africa

It is common to reduce the politics of the ANC to a battle between personalities. A closer look suggest that this is a fight between two factions, both of them products of trends in the economy.
South Africa’s President Jacob Zuma (right) and Deputy President Cyril Ramaphosa. The jury is out on whether Ramaphosa will break ranks. Mike Hutchings/Reuters

Prexit: as South Africa looks over the abyss who will blink?

The stakes have not been higher since the heady days of the early 1990s when South Africa also looked over the brink. Now it is less about brink and more about who will blink

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