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National Treasury head office in Pretoria | |
| Department overview | |
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| Formed | 31 May 1910 |
| Jurisdiction | Government of South Africa |
| Headquarters | Old Reserve Bank Building, 40 Church Square, Pretoria 25°44′44″S28°11′18″E / 25.74556°S 28.18833°E /-25.74556; 28.18833 |
| Employees | 1,167(2009) |
| Annual budget | R1,504.4 million(2010/11) |
| Ministers responsible |
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| Department executives |
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| Website | www.treasury.gov.za |
| Part ofa series on the |
| Politics of South Africa |
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 South Africa portal |
TheNational Treasury is one of thedepartments of theSouth African government. The Treasury manages national economic policy, prepares the South African government's annualbudget and manages the government's finances. Along with theSouth African Revenue Service andStatistics South Africa, the Treasury falls within the portfolio of theMinister of Finance. Throughout the course of PresidentJacob Zuma's second administration, the ministry has undergone several changes. Most notably,Nhlanhla Nene was suddenly dismissed on 9 December 2015, without explanation, and replaced with a relatively unknown parliamentary back-bencher from the rulingANC's caucus,David 'Des' van Rooyen[1] for a record-total of 3 days. He was, in turn, replaced byPravin Gordhan after the President faced significant pressure from political and business groups over the move.[2] On 30 March 2017 Jacob Zuma axedPravin Gordhan and appointedMalusi Gigaba as a Finance Minister.[3] Following Zuma's resignation, PresidentCyril Ramaphosa returned Nhlanhla Nene as Minister in his cabinet reshuffle on 26 February 2018.
In the 2010 national budget, the Treasury received anappropriation of 1,504.4 millionrand and had 730 employees.[4]
The Treasury has been responsible forSouth African Airways since December 2014[5]
In 2017, a whistleblower notified theU.S. Securities and Exchange Commission andUS Department of Justice, alleging possible violations of theForeign Corrupt Practices Act in awarding of aR1billion (2015) (equivalent to R1.17billion or US$88.54 million in 2018)[6] contract to theOracle Corporation by National Treasury in 2015.[7]
In March 2024, theSpecial Investigating Unit found that there were conflicts of interest, irregular processes, and non-compliance with policies and legislation, and said it would petition to blacklist Oracle in South Africa, cancel the contract and recover the money paid.[8]
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