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National Treasury

National Treasury is South Africa's finance ministry, responsible for managing the country's public finances and economic policy. The department formulates and implements fiscal policy, prepares the national budget, and oversees government expenditure across all spheres of government. It is headed by the Minister of Finance and supported by the Director-General and a team of deputy directors-general. National Treasury plays a central role in macroeconomic planning, revenue collection oversight, and the regulation of public-sector financial management. The department also manages South Africa's debt issuance programme, including conventional bonds, inflation-linked bonds and, more recently, green bonds and other sustainable finance instruments. It sets the framework for municipal and provincial budgets and monitors compliance with the Public Finance Management Act and Municipal Finance Management Act. National Treasury engages with international financial institutions, ratings agencies and investors on behalf of the South African government. The department also houses specialised units focused on asset and liability management, public-private partnerships, and financial sector policy. Established in its modern form following South Africa's transition to democracy in 1994, National Treasury has been instrumental in shaping the country's fiscal framework and maintaining macroeconomic stability through successive economic cycles.

National Treasury Updates


September Distribution Agency Agreement deadline looms for Eskom-indebted municipalities
September Distribution Agency Agreement deadline looms for Eskom-indebted municipalities
3rd June 2026 By: Terence Creamer

The National Treasury has issued termination letters to 13 municipalities and is preparing to issue similar notices to 14 others in relation to their continued participation in a scheme set up in... 


City of Johannesburg
Joburg budget remains a concern, interest groups note
3rd June 2026 By: Natasha Odendaal

The City of Johannesburg's final 2026/27 budget still fails to resolve its underlying crisis of infrastructure decline, weak financial management, rising debt and poor service delivery, despite... 


Treasury director-general Dr Duncan Pieterse
South Africa meeting fiscal, structural reform targets, Treasury DG Pieterse assures
2nd June 2026 By: Schalk Burger

South Africa has demonstrated that it can deliver on its fiscal targets and its structural reform agenda, and the benefits of latent improving fiscal credibility are already evident in the form of... 


Treasury Director-General Duncan Pieterse
South Africa's fiscal targets on track despite Iran war, Treasury says
2nd June 2026 By: Reuters

South Africa remains on track to meet its fiscal targets despite the conflict in the Middle East, its National Treasury said on Tuesday, adding it wanted to demonstrate its credibility by meeting... 


South African bank notes
Sovereign Use of Proceeds Framework underscores commitment to developing sustainable finance market, Treasury says
29th May 2026 By: Lumkile Nkomfe

The National Treasury has announced the publication of its Soveregn Use of Proceeds Framework, together with the accompanying Second Party Opinion. The publication of the framework underscores the... 


Political analyst Dr Mpumelelo Kansas Mkhabela
South African wine industry deliberates on its future in the current global context
29th May 2026 By: Sabrina Jardim

Wine industry leaders and stakeholders convened in Stellenbosch, in the Western Cape, this week to assess the future of South African wine, with speakers taking stock of the economic headwinds,... 


The above image depicts a worker operating a crane
Materials handling market sees rapid growth
29th May 2026 By: Lynne Davies

Several key factors, such as the impact of Operation Vulindlela, have seen the materials handling market in Southern Africa undergo a rapid change in recent years, to the extent that the market is... 


Representatives form the train operating companies hold up rail access certificates at a ceremony addressed by various Transnet executives, including CEO Michelle Phillips (seated in green).
Eleven private train operators gear up for mainline entry after concluding access agreements
29th May 2026 By: Terence Creamer

The 11 private train operating companies (TOCs), which were last year allocated slots on South Africa’s mainline rail network, have now officially concluded rail access agreements with the Transnet... 


The sod turning ceremony was attended by a high-powered delegation, including Electricity and Energy Minister Dr Kgosientsho Ramokgopa (centre)
Eskom flags big renewables ambitions as it starts work on 75 MW solar project alongside Lethabo coal station
27th May 2026 By: Terence Creamer

Eskom has started construction of a 75 MW solar PV project alongside its Lethabo coal-fired power station in the Free State, which is expected to generate some 147 GWh yearly once at full... 


Jobs Fund head Najwah Allie-Edries
Treasury’s Jobs Fund launches 13th funding round
25th May 2026 By: Creamer Media Reporter

The National Treasury’s Jobs Fund has officially opened its thirteenth funding round, calling for bold, innovative solutions that can unlock scalable, sustainable employment. Under the theme... 


Finance Minister Enoch Godongwana
Treasury to start deducting money owed to municipalities by provincial and national departments
22nd May 2026 By: Terence Creamer

The National Treasury has taken a decision to deduct monetary amounts owed to municipalities by national and provincial government departments to settle outstanding debts, Finance Minister Enoch... 


IFISA's Mohale Rakgate and the IFC's Cláudia Conceição signed a Memorandum of Cooperation to strengthen project preparation, improve bankability, and accelerate the delivery of high-impact infrastructure.
New initiative aims to grow pipeline of ‘bankable’ water and sanitation projects
22nd May 2026 By: Terence Creamer

A newly formed government agency set up to mobilise private sector participation in public infrastructure has concluded a cooperation agreement with the International Finance Corporation (IFC) in a... 


Power lines in Johannesburg
South Africa's biggest city could have power supply throttled over unpaid debts
20th May 2026 By: Reuters

South Africa's biggest city and economic hub Johannesburg could have its power supply throttled by state-owned electricity company Eskom over unpaid debts, Eskom said on Tuesday. Engineering News... 


Ramateu Monyokolo
Water Budget Vote signals new era of accountability, water security, with crisis recognised - Awsisa chair
19th May 2026 By: Natasha Odendaal

Water and Sanitation Minister Pemmy Majodina’s 2026 Budget Vote is one of the “clearest and most significant” policy interventions undertaken to confront South Africa’s deepening water and... 


Image of Water and Sanitation Minister Pemmy Majodina
Bulk water in balance, local deficits still weigh on water sector
15th May 2026 By: Natasha Odendaal

While South Africa’s raw water supply remains in balance with existing demand on a national scale, localised deficits remain – with municipal water services reliability declining sharply and water... 


A Denel manufactured missile
Denel highlights importance to it of partnerships, R&D
15th May 2026 By: Rebecca Campbell

In its presentation to the Parliamentary Portfolio Committee on Defence and Military Veterans, embattled State-owned defence industrial group Denel highlighted the importance to its future of... 


Nersa aims to make ferrochrome tariff call by end May as it launches public consultations
Nersa aims to make ferrochrome tariff call by end May as it launches public consultations
15th May 2026 By: Terence Creamer

The National Energy Regulator of South Africa (Nersa) has set aside May 25 for public hearings into Eskom’s application to amend negotiated pricing agreements (NPAs) with Samancor Chrome and... 


Coins
Goldman now sees two 2026 South Africa rate hikes because of war
14th May 2026 By: Bloomberg

Goldman Sachs expects South Africa to raise interest rates twice this year after previously seeing a series of cuts, as the Iran war fans inflation risks around the world. The bank forecasts... 


Representatives form the train operating companies hold up rail access certificates at a ceremony addressed by various Transnet executives, including CEO Michelle Phillips (seated in green).
Eleven private train operators gear up for mainline entry after concluding access agreements
13th May 2026 By: Terence Creamer

The 11 private train operating companies (TOCs), which were last year allocated slots on South Africa’s mainline rail network, have now officially concluded rail access agreements with the Transnet... 


$150m loan from OPEC Fund to support critical structural reforms – Treasury
13th May 2026 By: Schalk Burger

Intergovernmental development finance institution, the Opec Fund for International Development has provided a $150-million development policy loan to South Africa, which is aimed at supporting... 


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