Time ticking for Treasury to tap R150bn gold, foreign currency account

Parliament needs to pass legislation before the elections authorising the government to draw R150bn from gold and foreign currency reserve account

31 March 2024 - 00:00

Parliament is working around the clock to pass — before the elections — legislation that will allow the Treasury to draw R150bn from the account containing South Africa’s gold and foreign currency reserves. ..

There’s never been a more important time to support independent media.

From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.

For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.

Already subscribed? Sign in below.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.