A guide to how National Treasury works

National Treasury has attracted much interest from #NightTalk listeners in light of economic challenges experienced by the department, and issues which have affected its leadership.

Indeed, while interest rates have been a consistent feature in South African business news in the past years, the scrutiny South Africa has been under from rating agencies in the past year especially, and the performance of the country's state-owned enterprises (SOEs), has put under the spotlight the function of the country's National Treasury.

Treasury is a monster. The question is what doesn't happen at Treasury. Because they pretty much do policy development, and they do oversight on a lot of entities, they coordinate and facilitate the budgeting and a number of aspects that involve the overall purse of the government

Neo Leshabane, REPAID Capital Director

Neo Leshabane, REPAID Capital Director, joined Sizwe Dhlomo in studio to describe the function and work of National Treasury.

Leshabane is the first Chartered Accountant (CA) to qualify from the National Treasury CA Training Programme.

Treasury mostly finances the fiscus with bonds. Depending on what the sentiments around the country is, foreign and even local investors would demand more for the money. If they demand more it means we spend a lot more money serving these bonds. If they demand less, its good, because they're comfortable

Neo Leshabane, REPAID Capital Director

Listen to the conversation between Napo Leshabane and Sizwe Dhlomo:

We don't have enough to get by as it is. We rely mostly on foreign investment

Neo Leshabane, REPAID Capital Director

Leshabane described how National Treasury raises its capital, and how it is able to determine its budget.

He also contextualized the role of rating agencies, and why it would be in the best interest for a government to avoid a negative rating.

You can have five hundred million rating agencies, the investment fundamentals remain the same. Any investor will look into the fundamentals of what they are investing in

Neo Leshabane, REPAID Capital Director

Watch the full interview between Neo Leshabane and Sizwe Dhlomo:

Read More
'Haiti is the missing piece in the AU'

'Haiti is the missing piece in the AU'

Ambassador of Haiti to South Africa Jacques Baril describes Haiti's historic relationship with the African continent.

'Having sex will not make you cleverer'

'Having sex will not make you cleverer'

Neurologist Professor Girish Modi describes the effect of sex on one's memory.

Money Matters: Understanding an endowment policy

Money Matters: Understanding an endowment policy

Discovery's Head of Legal Services Harry Joffe describes on #NightTalk relevant information about endowment policies.

How to survive a hostile job interview

How to survive a hostile job interview

Recruitment specialist Candice Martin describes how one can get past a hostile job interview

'State must apologise and compensate Marikana families' - legal representative

'State must apologise and compensate Marikana families' - legal representative

SERI's Nomzamo Zondo describes the process the families of injured and killed Marikana miners have gone through to get compensation from the state.

Recognising the experience of women in South African mines

Recognising the experience of women in South African mines

Dr Asanda Benya has done work to put under the spotlight the role of women in the occupational culture of South African mines.

Popular articles
Roger Moore has died, age 89

Roger Moore has died, age 89

Listen to Roger Moore opening up to CapeTalk's Melanie Verwoerd about his life, acting and being James Bond.

Robots may resemble gods by 2045 (but they'll take your job long before then)

Robots may resemble gods by 2045 (but they'll take your job long before then)

Is it even possible to stay ahead? Arabile Gumede interviews Creative Counsel CEO Gil Oved.

Tebogo "ProVerb" Thekisho opens up about money

Tebogo "ProVerb" Thekisho opens up about money

What is rapper ProVerb’s attitude to the stuff that makes the world go ‘round (hopes and fears, successes and failures, etc.)?

Budget 2017: DA hoped for spending cuts, not tax increases

Budget 2017: DA hoped for spending cuts, not tax increases

The DA believes that raising taxes is not the answer to South Africa's economic woes and propose more cost-cutting for government.

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

How did Ngebulana build his empire? The Money Show’s Bruce Whitfield interviewed him for his weekly “ShapeShifter” feature.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

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?