'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:


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
How Zimbabwe's impeachment of Mugabe will work

How Zimbabwe's impeachment of Mugabe will work

ISS Senior Researcher Derek Matyszak breaks down the numbers and how the impeachment process will play out.

Mahlobo won't be drawn on nuclear, until Cabinet approves energy plan

Mahlobo won't be drawn on nuclear, until Cabinet approves energy plan

Energy Minister David Mahlobo says government has not started the nuclear procurement process, reports EWN's Gaye Davis.

WC govt launches campaign to help tourists, Cape guesthouses save water

WC govt launches campaign to help tourists, Cape guesthouses save water

Economic opportunities MEC Alan Winde says that the focus is on helping smaller tourism establishments save water.

Tough decisions ahead for Idols SA winner Paxton Fielies, says publicist

Tough decisions ahead for Idols SA winner Paxton Fielies, says publicist

Publicist and artist manager Martin Myers talks about what's ahead for Idols South Africa season 13 winner Paxton Fielies.

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
Financially prepare yourself before the wedding bells

Financially prepare yourself before the wedding bells

Liberty Legal Marketing Specialist, Faeeza Khan talk us through a few financial pointers before getting hitched.

Oscar's family unhappy with producers as movie makes SA debut this weekend

Oscar's family unhappy with producers as movie makes SA debut this weekend

The movie stars Joburg-born actor Andreas Damm as Pistorius and Victoria Secret model Toni Garrn as Reeva Steenkamp.

Statement to remove LLB programme from SA universities is misleading: Max Price

Statement to remove LLB programme from SA universities is misleading: Max Price

Max Price says Council on Higher Education's announcement that UKZN, UCT and UL could lose their LLB accreditation is not right.

Is taking items from the hotel room stealing?

Is taking items from the hotel room stealing?

Tsogo Sun Cape regional manager explains which items are free to be taken home by guests and why.

WATCH: Innovative spray limits toilet flushes and saves water

WATCH: Innovative spray limits toilet flushes and saves water

Loo Me is a simple yet effective scented foam that takes the yuck out of "mellowing" toilets preventing multiple flushes.