National Treasury
National Treasury
National Treasury
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Failing municipalities get second chance as Treasury releases withheld money
National Treasury releases withheld July allocations to 69 municipalities to protect service delivery whilst imposing strict compliance deadlines and conditions.
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Calls for accountability after National Treasury withholds NMB allocation
National Treasury has withheld Nelson Mandela Bay’s July equitable share, prompting renewed commitments to financial reforms while residents fear service delivery impacts.
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Treasury launches probe into Madlanga Commission allegations
The National Treasury is investigating allegations of improper influence in transversal contract awards, following testimony at the Madlanga Commission.
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Johannesburg financial crisis deepens as treasury withholds funds
National Treasury withheld R3.6 billion from Johannesburg for financial mismanagement, affecting service delivery and prompting mayoral assurances amidst skepticism.
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Transnet blacklists seven companies following corruption probe
State-owned freight company Transnet has secured approval from the National Treasury to blacklist seven companies found guilty of unethical and unlawful conduct following forensic investigations.
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IRR Legal offers lifeline to financially distressed municipalities
The Institute of Race Relations Legal is aiding 69 South African municipalities with funding issues by recommending cost-saving procurement changes.
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Treasury defends withholding R13.5 billion from 69 municipalities
National Treasury defends withholding R13.5 billion from 69 municipalities to ensure creditor payments, aiming to change financial behavior without service delivery impact.
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Three more Free State municipalities face severe budget and governance crises
Three Free State municipalities face severe financial crises and governance issues, threatening service delivery amidst state intervention and funding cuts.
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Treasury funding freeze deepens Matjhabeng crisis as legal challenge targets economic summit
Matjhabeng Municipality faces financial strain and legal threats after funding was suspended by National Treasury due to financial mismanagement.
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Treasury suspends transfers to 69 municipalities over financial mismanagement
South Africa’s Treasury will withhold funding from 69 municipalities, including Johannesburg, to enforce fiscal discipline amid financial mismanagement.
