https://www.engineeringnews.co.za

Treasury must remain independent, says Pandor

ANC NEC member Naledi Pandor

ANC NEC member Naledi Pandor

Photo by Duane Daws

11th July 2017

By: News24Wire

  

Font size: - +

Treasury in a democratic country must remain independent, African National Congress (ANC) National Executive Congress (NEC) member Naledi Pandor said on Monday.

She appeared to disagree with a proposal made at the ANC’s national policy conference last week, that the budget and resource allocation be made the responsibility of the Presidency.

“There is no way in which a Presidency will have capacity that Treasury has to design and present a budget. It’s just not possible, nor will it be a desirable approach,” Pandor said at a briefing about the ANC's policy conference that ended last week.

Another national executive committee member, Obed Bapela, said: “We looked at the Presidency as a strategic centre of power and central driver of developmental state and agreed on core functions that should be included in the Presidency.”

Ahead of the conference, ANC head of policy Jeff Radebe had said there was a proposal for "the Presidency to be strengthened as the strategic centre of power in the state to drive the national development plan, resource allocation and enforcement".

Pandor, however, said the Presidency should not have the authority to override the Treasury’s budget.

"Treasury is the core institution of determining budget and then it is adopted by Cabinet. That will remain because that is what happens in any democracy and any suggestion that there will be a different approach, I think, is not what was intended," she said.

The Treasury’s independence and role was one of the contentious issues discussed at the policy conference. Its outcomes would be adopted at the party’s elective conference in December.

Some ANC structures and senior members had criticised the Treasury’s perceived powers. Some had publicly claimed it was an obstacle to radical economic transformation. When President Jacob Zuma reshuffled his Cabinet in March, he sacked finance minister Pravin Gordhan and his deputy Mcebisi Jonas. In some quarters it was seen as Zuma’s attempt to take control of the Treasury.

Edited by News24Wire

Comments

Latest News

Magazine video image
Magazine round up | 29 March 2024
Updated 3 hours ago

Showroom

GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 
John Deere (Pty) Ltd
John Deere (Pty) Ltd

In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.097 0.153s - 174pq - 2rq
Subscribe Now