National Treasury (South Africa)

National Treasury
List
  • 10 other official names:
  • Departement van Finansies (Afrikaans)
  • umNyango wezeeMali (Southern Ndebele)
  • iSebe lezeMali (Xhosa)
  • uMnyango Wezezimali (Zulu)
  • Litiko Letetimali (Swazi)
  • Kgoro ya Matlotlo (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 departments of the South African government. The Treasury manages national economic policy, prepares the South African government's annual budget and manages the government's finances. Along with the South African Revenue Service and Statistics South Africa, the Treasury falls within the portfolio of the Minister of Finance. Throughout the course of President Jacob Zuma's second administration, the ministry has undergone several changes. Most notably, Nhlanhla Nene was suddenly dismissed on 9 December 2015, without explanation, and replaced with a relatively unknown parliamentary back-bencher from the ruling ANC's caucus, 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]

  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. ^ "Vote 9: National Treasury" (PDF). Estimates of National Expenditure 2010. Pretoria: National Treasury. 17 February 2010. 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.