Treasury getting tough on financial sector - Treasury DDG Ismail Momoniat

Treasury deputy director general, Ismail Momoniat, says the report on new regulations of the financial sector is currently before Parliament.

Momoniat says the National Treasury Department will make sure they regulate the financial sector in a much tougher way.

This comes after a report that the African National Congress believes Treasury has too much power, and can defy even the Presidency.

Mineral Resources Minister Mosebenzi Zwane has also made a suggestion that Fica rules should be re-evaluated.

Momoniat says they will also follow international standards when developing new regulations.

We are going to regulate the financial sector in a much tougher way.

Ismail Momoniat, National Treasury deputy director general

Listen to the full interview below...

Read More
10 business tips to boost you through a tough economy

10 business tips to boost you through a tough economy

Business growth specialist, Pavlo Phitidi tracks down previously profiled businesses and advises them on their next level growth.

Zuma lashes out at 101 ANC stalwarts in policy conference opening salvo

Zuma lashes out at 101 ANC stalwarts in policy conference opening salvo

President Zuma went 'off script' on Friday when he castigated his detractors saying many denied being on the 101 stalwarts list.

Explore the magic of Madeira at the Caravela Portuguese Festival

Explore the magic of Madeira at the Caravela Portuguese Festival

This weekend, all roads lead to the magical Madeira Day festivities at Montecasino.

"Whackhead" Simpson's song about Carl Niehaus was one of Redi's faves

"Whackhead" Simpson's song about Carl Niehaus was one of Redi's faves

In 2009 Carl Niehaus was forced to step down as ANC national spokesperson after fraud allegations surfaced.

"Our interpretation of sleeping around is sleeping around"

"Our interpretation of sleeping around is sleeping around"

A throwback to Floyd Shivambu talking about Helen Zille during his ANCYL days, interrogated by Redi Tlhabi in 2009. #FarewellRedi

Mr. Tlhabi bids Mrs Tlhabi farewell on her last radio show #FarewellRedi

Mr. Tlhabi bids Mrs Tlhabi farewell on her last radio show #FarewellRedi

Brian Tlhabi says his wife, Redi Tlhabi makes him super happy and continues to wish her the best with her future endeavours.

Popular articles
Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

Kay Sexwale denies involvement in ANC 'War Room' saga

Kay Sexwale denies involvement in ANC 'War Room' saga

Sexwale says she advises the provincial not national ANC.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Bylaws, times you may use fireworks

Bylaws, times you may use fireworks

City of Johannesburg has urged residents to respect by-laws and the times set for fireworks to be used.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?