The National Treasury is one of the departments of the

South African government The Republic of South Africa is a parliamentary republic with three-tier system of government and an independent judiciary, operating in a parliamentary system. Legislative authority is held by the Parliament of South Africa. Executive authority ...

. The Treasury manages national economic policy, prepares the South African government's annual

budget A budget is a calculation play, usually but not always financial, for a defined period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including time, costs and expenses, environmenta ...

and manages the government's finances. Along with the

South African Revenue Service The South African Revenue Service (SARS) is the revenue service of the South African government. It administers the country's tax system and customs service, and enforces compliance with related legislation. It is governed by the SARS Act 34 of ...

and

Statistics South Africa Statistics South Africa (frequently shortened to Stats SA) is the national statistical service of South Africa with the goal of producing timely, accurate and official statistics, in order to advance economic growth, development and democracy. ...

, the Treasury falls within the portfolio of the

Minister of Finance A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", " ...

. Throughout the course of President

Jacob Zuma Jacob Gedleyihlekisa Zuma (; born 12 April 1942) is a South African politician who served as the fourth president of South Africa from 2009 to 2018. He is also referred to by his initials JZ and clan name Msholozi, and was a former anti-aparth ...

's second administration, the ministry has undergone several changes. Most notably,

Nhlanhla Nene Nhlanhla Musa Nene ( tɬantɬa born 5 December 1958) served as the Minister of Finance of South Africa under President Jacob Zuma from 25 May 2014 until his controversial removal on 9 December 2015, and under President Cyril Ramaphosa from 27 Fe ...

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 for a record-total of 3 days. He was, in turn, replaced by

Pravin Gordhan Pravin Jamnadas Gordhan (born 12 April 1949) is a politician and anti-apartheid activist who has held various ministerial posts in the Cabinet of South Africa. He served as Minister of Finance from 2009 until 2014 and again from 2015 until 2017, ...

after the President faced significant pressure from political and business groups over the move. On 30 March 2017 Jacob Zuma axed

and appointed

Malusi Gigaba Knowledge Malusi Nkanyezi Gigaba (born 30 August 1971) is a South African politician who served as Minister of Home Affairs of the Republic of South Africa appointed by President Cyril Ramaphosa from 27 February 2018 until his resignation on 1 ...

as a Finance Minister. Following Zuma's resignation, President

Cyril Ramaphosa Matamela Cyril Ramaphosa (born 17 November 1952) is a South African businessman and politician who is currently serving as the fifth democratically elected president of South Africa. Formerly an anti-apartheid activist, trade union leader, and ...

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 The RAND Corporation (from the phrase "research and development") is an American nonprofit global policy think tank created in 1948 by Douglas Aircraft Company to offer research and analysis to the United States Armed Forces. It is financed ...

and had 730 employees. The Treasury has been responsible for

South African Airways South African Airways (SAA) is the flag carrier airline of South Africa. Founded in 1934, the airline is headquartered in Airways Park at O. R. Tambo International Airport in Johannesburg and operated a hub-and-spoke network, serving ten destin ...

since December 2014

Ministers

References

External links

National Treasury

South African Revenue Service
1910 establishments in South Africa Government agencies established in 1910

Treasury A treasury is either *A government department related to finance and taxation, a finance ministry. *A place or location where treasure, such as currency or precious items are kept. These can be state or royal property, church treasure or in p ...

Finance in South Africa

South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...

{{SouthAfrica-gov-stub

Ministers

See Also

References

External links