'Alleged meddling at Treasury may further jeopardise SA's credit rating'

The resignation of National Treasury's head of budget is a signal of instability, says veteran journalist Pippa Green.

Michael Sachs has resigned amid reports of President Jacob Zuma's interference in the budgeting office.

Green says that Sachs has been a key figure in shaping economic policy.

Read: Any interference in National Treasury signals instability - BLSA

She says his resignation is a significant loss and sign of the dangerous road on which Treasury is headed.

He's played a very constructive role in thinking about how to finesse policy to get growth, employment and better equity in the country.

Pippa Green, journalist and communications manager at Research Project on Employment, Income Distribution and Inclusive Growth (REDI)

If policy is being dictated from outside of the transparent budget process, it puts the head of budget in an invidious position.

Pippa Green, journalist and communications manager at Research Project on Employment, Income Distribution and Inclusive Growth (REDI)

Also read: Zuma's rumoured free education plan could be ploy for 2019, says Ralph Mathekga

Green says that alleged interference at the Treasury by outside parties could reduce investor confidence and further jeopardise South Africa's credit rating.

Take a listen to her analysis:


This article first appeared on CapeTalk : 'Alleged meddling at Treasury may further jeopardise SA's credit rating'


Recommended

by NEWSROOM AI
Read More
Is your child a picky eater?

Is your child a picky eater?

A study conducted by the University of Bristol shows that there are no health effects to this kind of behaviour

Bheki Cele expected to visit Bonteheuwel after CT 'shut down protests'

Bheki Cele expected to visit Bonteheuwel after CT 'shut down protests'

Residents from Kensington, Bonteheuwel, Bishop Lavis, Manenberg, Kraaifontein and Hanover Park took to the streets on Tuesday.

Why installing a dash cam in your car is more necessary than you think

Why installing a dash cam in your car is more necessary than you think

Don't have a dash cam? A legal advisor at insurance broker RBS explains why you might want to reconsider.

'Moyane was plotting restructuring plans 11 months before he was even Sars boss'

'Moyane was plotting restructuring plans 11 months before he was even Sars boss'

The Nugent Inquiry has heard how Tom Moyane was in talks with consultancy firm Bain, 11 months before he became Sars Commissioner.

Any interference in National Treasury signals instability  - BLSA

Any interference in National Treasury signals instability - BLSA

The rand took a dive on Monday following confirmation that National Treasury's budget head Michael Sachs had resigned.

Zuma's rumoured free education plan could be ploy for 2019, says Ralph Mathekga

Zuma's rumoured free education plan could be ploy for 2019, says Ralph Mathekga

Political analyst Ralph Mathekga says rumors of free education are in line with Zuma's 'radical economic transformation' rhetoric.

Popular articles
New visa rules a relief for our economy and for jobs, says WC MEC

New visa rules a relief for our economy and for jobs, says WC MEC

The Western Cape government and SA Tourism have welcomed the amendments to South Africa's visa regulations.

New visa amendments to ease travel arrangements for foreign nationals with kids

New visa amendments to ease travel arrangements for foreign nationals with kids

Home affairs Acting Director General at Dept of Home Affairs Thulani Mavuso explains the new visa amendments.

'She says I'm just waiting for this c**lie to move so I can take the photo'

'She says I'm just waiting for this c**lie to move so I can take the photo'

A caller on the Eusebius McKaiser Show, Zeenat says she was called a derogatory word for Indian on Heritage Day.

'This leaked document is calling a spade a spade'

'This leaked document is calling a spade a spade'

Breakfast Show Host Bongani Bngwa shares his views on the leaked report from the Thabo Mbeki Foundation.

[WATCH] Vietnam's The Bachelor uproar as female contestants run away together

[WATCH] Vietnam's The Bachelor uproar as female contestants run away together

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

SAHRC Vaal River crisis inquiry begins on Monday

SAHRC Vaal River crisis inquiry begins on Monday

As a response to residents' concerns, The Human Rights Commission is set to begin their inquiry into the Vaal River.