U.S. Treasury yields fell on Tuesday after the latest retail sales report missed expectations. The benchmark 10-year Treasury yield was more than 5 basis points lower at 4.145%, while the 30-year Treasury yield dropped more than 6 basis points to 4.787%. The 2-year Treasury note yield was down more than 3 basis points at 3.452%. One basis point is equivalent to…
Sun International CEO Ulrik Bengtsson says government doesn’t understand gambling. (Photograph supplied) South Africa’s online gambling industry has come out swinging at National Treasury’s proposal to tax the sector even further, arguing its move is not only unconstitutional but would also push punters and companies deeper into the internet. In a bid to clamp down…
President Donald Trump and Chinese President Xi Jinping are expected to reach a deal to avert a new 100% U.S. tariff on Chinese goods and are likely to meet in person soon, Treasury Secretary Scott Bessent said following talks with Beijing’s top trade negotiator. Bessent told NBC News’ “Meet the Press” moderator Kristen Welker in…
‘Ghost workers’ are still earning salaries as civil servants. National Treasury is using digital solutions to weed out what it calls ‘ghost workers’ – non-existent civil servants who are pulling a salary. It aims to finalise the identification process by November. A recent presentation to Parliament’s Portfolio Committee on Public Service and Administration showed that…
US Secretary of the Treasury Scott Bessent speaks as US President Donald Trump signs executive orders in the Oval Office of the White House in Washington, DC on September 5, 2025. Mandel Ngan | Afp | Getty Images Treasury Secretary Scott Bessent said Sunday that he is “confident” that President Donald Trump’s tariff plan “will…
Each smart meter installed under the National Treasury programme costs it R7 500. (Photograph by Nicola Mawson) As National Treasury sets a target of installing 250 000 smart electricity meters by the end of the 2027 financial year, it is facing pushback from communities that have not been adequately educated on the programme’s purpose and…
Treasury Secretary Scott Bessent on Thursday expressed confidence that the U.S. and China are on the way to a trade pact as a key tariff deadline nears. “I believe that we have the makings of a deal,” Bessent said during an interview on CNBC’s “Squawk Box.” “There’s still a few technical details to be worked…
National treasury said it found malware in its IT environment this week that might be linked to the recent attack on Microsoft infrastructure using a vulnerability in the software giant’s SharePoint software. According to a statement on Wednesday, treasury’s systems are up and running, suggesting the attack was not successful. “On Tuesday afternoon, national treasury…
