‘Political powers’ influence eleventh hour decisions at Treasury’

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The changes in leadership at the National Treasury are impacting negatively on some key decision making.

The Treasury’s Deputy Director General, Ismail Momoniat has revealed this in Parliament. He was briefing the Standing Committee on Appropriations on debt relief and recapitalisation of SAA and the Post Office.

Momoniat was asked why the Treasury failed to act on time on SAA’s maturing debts to international banks, forcing Finance Minister Malusi Gigaba  to invoke sec 16 of the PFMA which allows for emergency funds, giving SAA R3 billion bailout.

Momoniat says decisions are sometimes take at the eleventh hour because of power politics.

“The fact that we have four ministers in this time and a changing DG that when you look at this process there’s no doubt a lot of those issues affect us in why decisions were made so late that ideally we would have acted as soon as we know these issues have become political,” says Momoniat.