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Treasury’s Eskom faux pas speaks to a leadership crisis in the finance ministry

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M&G Mornings | Thu 13 Apr ? The minister will work with the Eskom board to improve the maximum ene

[View in browser]( [Mail & Guardian]( M&G Mornings | Thu 13 Apr   [ron_derby] Stability, stability, stability. That’s been the characteristic of South Africa’s finance ministry ever since the ANC came into power almost 30 years ago. It’s that stability that dragged us out of the dire fiscal position the apartheid regime had left to the new democracy to sort and into a surplus position by the time the world went into a global recession 2008-09, after an 18-year clean bill of health. The stability is not of ministers in the most powerful ministry in the country; they have come and gone, especially over the past decade and some. After serving one of the longest terms as a finance minister, Trevor Manuel’s seat was taken up by a fair number of other people. Some good and others not so good and some we’d rather forget ever had a turn at the wheel, namely “Mr Weekend Special” for his brief jaunt at the end of 2015 and he of “we gonna be alright” fame in Malusi Gigaba. Despite the upheaval in the ministry that then president Jacob Zuma stirred in his desperate latter years in office, one thing that we could rely on was the strength of the men and women in the treasury. But as we get to a year without a full time director general at the “most hallowed” of departments, I’m beginning to think we have a problem there. It would perhaps explain the faux pas the treasury made when having to withdraw the exemption granted to Eskom to allow it not to disclose irregular and wasteful expenditures in its financial reports. If there were merits to the initial decision, we weren’t warmed to the idea by the department and so there was an outcry. A smarter treasury would have been better prepared. It’s something to ruminate on as we sit in stage six of load-shedding, further weakening our fiscal position. Ron Derby | Editor-in-Chief [@RonDerby]( [Kgosientsho Ramokgopa]( [The political mess the minister of electricity finds himself in]( The minister will work with the Eskom board to improve the maximum energy generation that the power stations can supply to the electricity grid [// Read more]( Articles labelled as Premium are only available to subscribers. [CLICK HERE]( to subscribe Already a subscriber? [SIGN IN HERE]( [mbeki]( Premium [You are failing to lead, Mbeki tells ANC top leaders]( The party’s top six leaders agreed with the former president’s letter at a meeting, saying they had not received a proper brief on Phala Phala from Cyril Ramaphosa This article is only available to subscribers. [View subscription options]( If you are already a subscriber, login here. [// Read more]( [Graphic-Bester-1000px]( [Government knew Thabo Bester had escaped, but did nothing]( Authorities dragged their feet investigating the matter, documents tabled before Parliament reveal [// Read more]( Recommended Reads [SA desperately needs a regulatory framework for coalitions]( There must be a legal framework which holds politicians accountable and compels citizens to participate [// Read more]( [Eskom implements stage six load-shedding — again]( Units not returning to service, increased demand after the long weekend and re-opening of schools mean the utility can’t cope with demand [// Read more]( [Can the Eastern Cape deliver the ANC two election landslides?]( Low voter turnout and the rise of youth activism could limit the party’s ability to win the 2024 provincial and national government elections [// Read more]( Premium [Why are there fairy circles in Namibia?]( University of Pretoria scientists believe microorganisms such as bacteria, fungi or viruses in the soil could be the answer This article is only available to subscribers. [View subscription options]( If you are already a subscriber, login here. [// Read more]( [Investment drive: R1 trillion and counting. So why do we feel worse off?]( The investment drive has been a defining feature of Ramaphosa’s presidency, but its touted benefits remain elusive [// Read more]( Pic of the day [Turkey spring] A view of blooming trees with the arrival of spring in Turkish capital Ankara on April 11, 2023. (Photo by Ismail Kaplan/Anadolu Agency via Getty Images) [Share]( [Share]( [Tweet]( [Tweet]( [Forward]( [Forward]( This email was sent to {EMAIL} [why did I get this?]( [unsubscribe from this list]( [update subscription preferences]( Mail & Guardian Media LTD · 25 Owl St · Braamfontein · Johannesburg, Gauteng 2001 · South Africa

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