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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.

Latest Articles in 60 Seconds

Johannesburg's unfunded budget deepens crisis despite Treasury pressure

National Treasury has flagged a R2.1-billion unfunded gap in Johannesburg's new budget, saying city revenue projections appear overstated against audited results, with an overall deficit forecast at R7-billion. Treasury has urged the city to improve revenue collection and rationalise free water allowances, while Finance Minister Enoch Godongwana has separately threatened to withhold R8-billion in funding over an unaffordable R10.3-billion wage deal; the city says its third-quarter results show a turnaround, with debt-to-revenue at 30%, below Treasury's 45% benchmark, and settlement of a R1.44-billion bond.

DA urges Treasury to intervene in eThekwini crisis

The Democratic Alliance has called on National Treasury to intervene in eThekwini Municipality, whose debt book exceeds R46-billion and is rising by about R2-billion a month amid unauthorised and irregular expenditure.

Draft capital flow rules and crypto tax guide draw scrutiny

National Treasury's Draft Capital Flow Management Regulations, published for comment, have drawn criticism from AfriForum Sakenetwerk over broad discretionary powers to approve, freeze or forfeit transactions, which it warns could deter investment. Treasury sits on the Eskom Restructuring Task Team examining moving the Grid Access Unit into the National Transmission Company, a process industry figures say could take until 2029.

National Treasury Updates


TPT CE Jabu Mdaki
Transnet Port Terminals moves to have seven companies blacklisted over unethical, unlawful conduct
Updated 5 hours ago By: Sabrina Jardim

As part of its intensified drive to combat fraud, theft and corruption across its business, State-owned Transnet Port Terminals (TPT) says it has successfully applied to the National Treasury for... 


MKP, EFF reject Treasury’s ‘punitive’ R13.5b municipal funding freeze
MKP, EFF reject Treasury’s ‘punitive’ R13.5b municipal funding freeze
8th July 2026 By: Thabi Shomolekae

The MKP and the EFF have strongly condemned the National Treasury’s decision to temporarily withhold R13.5-billion in local government equitable share transfers from 69 non-compliant... 


The Madlanga Commission is led by Justice Mbuyiseli Madlanga (left)
Treasury launches investigation into allegations made at Madlanga Commission
8th July 2026 By: Creamer Media Reporter

Following testimony presented to the Madlanga Commission that raised allegations of improper conduct involving a former National Treasury employee, Treasury has appointed external forensic... 


Manufacturing organisations call for clarity on treasury’s comments on manufacturing, employment
Manufacturing organisations call for clarity on treasury’s comments on manufacturing, employment
8th July 2026 By: Sabrina Jardim

Industry bodies the Steel and Engineering Industries Federation of Southern Africa (Seifsa), the Manufacturing Circle and the Powerline and Substation Association (Polasa) have noted, with concern,... 


Johannesburg's CBD
South Africa ties R3.6bn Johannesburg funding to debt plan
8th July 2026 By: Bloomberg

National Treasury said it will release funding that’s been withdrawn from dozens of municipalities after they’ve submitted plans on how they’ll pay their debts. The Treasury on Tuesday withheld... 


The City of Johannesburg's equitable share is also being withheld
National Treasury withholds July funds to 69 municipalities ‘to instil fiscal discipline’
7th July 2026 By: Irma Venter

National Treasury is temporarily withholding the July equitable share transfers to 70 municipalities across all nine provinces in an effort to “instil fiscal discipline and ensure that public money... 


Image of Dr Leon Schreiber
Home Affairs boosts border force with 301 new immigration officers
6th July 2026 By: Thabi Shomolekae

The South African Department of Home Affairs has initiated a major recruitment drive to hire 301 additional immigration officers, aiming to drastically bolster the country's border security and law... 


Parks Tau
Tau emboldened by World Bank study findings on SEZs
6th July 2026 By: Lumkile Nkomfe

Trade, Industry and Competition Minister Parks Tau says he is encouraged by the findings of a comprehensive study by multilateral public development institution the World Bank on South Africa’s... 


Grid Access Unit must move out of Eskom sooner rather than later – Sola Group CEO
3rd July 2026 By: Irma Venter

Eskom’s Grid Access Unit (GAU) must be moved to the National Transmission Company South Africa (NTCSA) as soon as possible, says Sola Group CEO Dom Wills. Speaking at a Webber Wentzel Power... 


The Joburg CBD at night
Johannesburg faces R2.1bn funding gap as its bills mount
2nd July 2026 By: Bloomberg

Johannesburg is starting a new financial year with a multibillion-rand budget that’s not fully funded, potentially deepening a crisis that’s already left it unable to pay for power and fuel... 


Joburg’s high operating expenditure dubbed ‘utterly unsustainable’
Joburg’s high operating expenditure dubbed ‘utterly unsustainable’
29th June 2026 By: Terence Creamer

New research into the crisis afflicting the City of Johannesburg warns that the widening structural imbalance between the metro’s operating expenditure and capital expenditure (capex) poses a... 


Presidency advisor Michael Sachs
Ramaphosa taps former Treasury Budget Chief as economic adviser
24th June 2026 By: Bloomberg

President Cyril Ramaphosa appointed former National Treasury budget chief Michael Sachs as his economic adviser, bringing a respected fiscal policy technocrat back into the government as the... 


Infrastructure South Africa raises alarm over high level of tender cancellations
Infrastructure South Africa raises alarm over high level of tender cancellations
23rd June 2026 By: Terence Creamer

Infrastructure South Africa (ISA) has raised concern about the high level of tender cancellations, which it believes is having a negative impact on the construction market, as well as on meeting... 


From left to right is Dom Wills, DBSA’s Maxoli Njoli, HKA’s Siham Sali-Abrahams and Khumoetsile Kotelo
Grid Access Unit must move out of Eskom sooner rather than later – Sola Group CEO
17th June 2026 By: Irma Venter

Eskom’s Grid Access Unit (GAU) must be moved to the National Transmission Company South Africa (NTCSA) as soon as possible, says Sola Group CEO Dom Wills. Speaking at a Webber Wentzel Power... 


Treasury Director-General Duncan Pieterse
Treasury says upgrades show path to investment grade
12th June 2026 By: Bloomberg

South Africa’s recent credit-rating upgrades are a strong endorsement of government policy and show the nation can restore its coveted investment-grade status if it stays on track, said the... 


A generic image of solar panels, electricity pylons and wind turbines
DBSA eyes bigger energy sector role as Africa seeks bankable infrastructure projects
12th June 2026 By: Lumkile Nkomfe

State-owned development finance institution the Development Bank of Southern Africa (DBSA) is positioning itself as a key enabler of South Africa’s energy transition and infrastructure development... 


Photo of Terence Creamer
Distribution dilemma
12th June 2026 By: Terence Creamer

During a recent joint meeting of the portfolio committees on electricity and energy and cooperative governance and traditional affairs it became clear there is some sympathy for Eskom when it comes... 


Treasury achieves budgeted foreign currency funding requirement for 2026/27
11th June 2026 By: Schalk Burger

The National Treasury has successfully achieved its budgeted foreign currency funding requirement for the 2026/27 fiscal year. The $3.2-billion foreign funding programme has been fully funded... 


Eskom group executive for renewables Rivoningo Mnisi
Eskom Green gears up to select private partners for initial 2 GW renewables pipeline
9th June 2026 By: Terence Creamer

Eskom Green, which has now been officially launched, reports that it intends implementing an initial 2 GW pipeline of advanced utility-scale renewables projects in partnership with private... 


Eskom Restructuring Task Team outlines terms of reference for creation of TSO
Eskom Restructuring Task Team outlines terms of reference for creation of TSO
9th June 2026 By: Terence Creamer

The Eskom Restructuring Task Team (ERTT) has outlined the terms of reference guiding its deliberations on the establishment of an independent State-owned Transmission System Operator (TSO) that... 


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pqt: 0.209s - ct: 0.273s - 288pq - 2rq
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