Is National Treasury under siege?

According to an article in the City Press over the weekend, senior Treasury officials have accused Finance Minister Malusi Gigaba of “capturing” National Treasury, superseding the power of his director-general and establishing a parallel administration run by close aides in his office.

City Press investigative reporter, Sipho Masondo confirms that there have been concerns from Treasury officials, both current and former officials, with the way things are being run by Finance Minister Gigaba.

Treasury is a very critical and important institution. We don't want to be alarmist by making claims that will make investors very shaky... it appears that there is a radical departure from how things are done in Treasury...

Sipho Masondo, Investigative journalist for City Press

Treasury is not like Home Affairs that the Minister could just wake up and make decisions just like that and continue as normal. There are technocrats that are highly skilled and the Minister will have to consult with them.

Sipho Masondo, Investigative journalist for City Press

When we have a Minister who makes decisions, taking money to bail out SAA without consulting these people, we have to worry.

Sipho Masondo, Investigative journalist for City Press

Masondo says his sources have told the newspaper that Gigaba brought in nearly 20 staff who have set up a parallel administration in his office but of course he has denied his allegations.

So you have to ask yourself why do you have two administrations, why is there a need for the second administration?

Sipho Masondo, Investigative journalist for City Press

Political analyst, Ralph Mathekga says he is not surprised with the way things are happening at National Treasury because in order to fully capture state, you have to go through Treasury.

Remember treasury represents a way of doing things that requires accountability ... particularly when you hear that the powers of allocating funds are going to be moved to the Presidency, it just says there is an agenda there underway.

Ralph Mathekga, Political and Policy Analyst

To hear the rest of the interview, listen below:


This article first appeared on CapeTalk : Is National Treasury under siege?


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