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:


CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Gigaba launches fresh attack on Public Protector over Absa bailout report

Gigaba launches fresh attack on Public Protector over Absa bailout report

Political analyst Dr Sethulego Matebesi says there is more to Gigaba's attack than meets the eye.

'Malusi Gigaba is lying' - EFF's Dr Mbuyiseni Ndlozi

'Malusi Gigaba is lying' - EFF's Dr Mbuyiseni Ndlozi

Ndlozi says state capture project is unrelenting and EFF believe Gigaba's claims that PIC to remain untouched is a PR exercise.

Gigaba, PIC board present united face at press briefing

Gigaba, PIC board present united face at press briefing

PIC board members stood by Finance Minister Malusi Gigaba who denied reports of plot to raid the pensions of government employees.

Malusi Gigaba and PIC locked in crucial meeting

Malusi Gigaba and PIC locked in crucial meeting

Reports have suggested National Treasury is eyeing PIC coffers and wants R1 Billion to bail out state-owned entities.

How Gigaba apparently became the great enabler, linking state capture networks

How Gigaba apparently became the great enabler, linking state capture networks

Political analyst and investigative journo uncover Gigaba's alleged role in state capture project and position as Zuma's prodigy.

BLSA commends workers for taking stand against state capture

BLSA commends workers for taking stand against state capture

Business Leadership South Africa CEO Bonang Mohale says he supports workers that want to march against state capture on Wednesday.

Popular articles
'Banned ANC delegates have shot themselves in the foot, got what they deserved'

'Banned ANC delegates have shot themselves in the foot, got what they deserved'

Deputy Editor of Financial Mail, Sikonathi Mantshantsha says branches were warned but did not listen, and he has no sympathy.

Adam Habib: Where would the money to fund free education come from?

Adam Habib: Where would the money to fund free education come from?

Vice-Chancellor of Wits University Adam Habib says Zuma's promise requires about R40 billion in order to be fulfilled.

[LISTEN] 'I never wanted to be President, I was not ambitious'

[LISTEN] 'I never wanted to be President, I was not ambitious'

Listen to what President Zuma had to say on Friday at the #ANC54 Gala Dinner ahead of the elective conference.

JUST IN: Some delegates barred from voting #ANC54

JUST IN: Some delegates barred from voting #ANC54

ANC secretary-general Gwede Mantashe announced that some delegates will not be able to vote in this weekend's elective conference.

Van Damme: De Lille has until Monday to respond to maladministration claims

Van Damme: De Lille has until Monday to respond to maladministration claims

The DA has suspended Patricia de Lille from party activities but Eusebius McKaiser says its statement 'is clear as mud'.

LISTEN: Father of drowned toddler speaks of dangers and heartbreak

LISTEN: Father of drowned toddler speaks of dangers and heartbreak

Connor Weber, fell unnoticed into a bin of water and drowned.

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.