'I’m not captured! We’re not captured at National Treasury!'

We cannot throw money in a deep, black hole… we think it [SAA’s turnaround strategy] will start bearing fruits…

Dondo Mogajane, National Treasury

I’m not captured! We’re not captured at National Treasury!

Dondo Mogajane, National Treasury

The City Press is reporting that Finance Minister Malusi Gigaba is annulling the power of senior National Treasury, including Director General Dondo Mogajane.

National Treasury has refuted the claims.

The paper also claims that the minister has stopped consulting Mogajane and other officials in key decisions, but speaks to political advisor Thamsanqa Msomi - who reportedly has close relations with the Gupta family – first.

The Money Show’s Bruce Whitfield interviewed Mogajane.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

…It’s important that we recapitalise SAA…

Dondo Mogajane, National Treasury

SAA has about seven or so lenders.

Dondo Mogajane, National Treasury

Citibank was not willing to roll over SAA’s debt… We were compelled to pay back their loans…

Dondo Mogajane, National Treasury

It’ll be catastrophic if we don’t meet our obligations.

Dondo Mogajane, National Treasury

We want state-owned companies to start paying some dividends!

Dondo Mogajane, National Treasury

I have not been bypassed by the Minister.

Dondo Mogajane, National Treasury

I will definitely put my signature on the Medium Term Budget Policy Statement that we’ll present on the 25th of October.

Dondo Mogajane, National Treasury

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