National Treasury (South Africa)

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National Treasury
List
  • 10 other official names:
  • Departement van Finansies (
    Northern Sotho)
  • Lefapha la Ditjhelete (Sotho)
  • Lefapha la Matlotlo (Tswana)
  • Ndzawulo ya Timali (Tsonga)
  • Muhasho wa Gwama (Venda
)

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 / 25.74556°S 28.18833°E / -25.74556; 28.18833
Employees1,167 (2009)
Annual budgetR1,504.4 million (2010/11)
Ministers responsible
Department executives
Websitewww.treasury.gov.za
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The National Treasury is one of the

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 appointed 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.

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]

Corruption

Oracle Corporation contract and corruption probe

In 2017, a whistleblower notified the

US$88.54 million in 2018)[6] contract to the Oracle Corporation by National Treasury in 2015.[7]

In March 2024, the Special Investigating Unit found that there were conflicts of interest, irregular processes, and non-compliance with policies and legislation, and said it would petition to blacklist Oracle in South Africa, cancel the contract and recover the money paid.[8]

Ministers

Main article: Minister of Finance (South Africa)

See also

References

  1. ^ "Nhlanhla Nene removed as finance minister". Mail & Guardian. 9 December 2015. 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 4 August 2017.
  4. 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 2 November 2016.
  6. ^ South Africa – Consumer price index, International Monetary Fund, International Financial Statistics and data files.[dubious – discuss]
  7. ^ "Oracle 'no comment' on IFMS corruption allegations - TechCentral". 11 March 2019. Retrieved 2 April 2024.
  8. ^ "SIU takes aim at Oracle in treasury corruption probe - TechCentral". 28 March 2024. Retrieved 2 April 2024.


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