Latest news with #R57-billion
eNCA
4 days ago
- Business
- eNCA
Treasury shoots down SANDF funding criticism
JOHANNESBURG - National Treasury is responding to criticism from Navy Chief Admiral Monde Lobese. He accused Treasury of sabotaging the SANDF during a Joint Standing Committee of Defence meeting. Lobese says Treasury cannot operate like a super department or a government on its own. The SANDF has been allocated 1.7 percent of the country's GDP, just over R57-billion. But, Treasury has hit back, saying it's wrong to suggest the department is responsible for the army's funding crisis. It says Cabinet decides on allocations. In addition to funding distributed for this financial year, the SANDF has also been allocated R4.3-billion in the 2025 Medium Term Expenditure Framework and R5.5-billion for early retirement for the current and next financial years.
eNCA
4 days ago
- Business
- eNCA
Treasury fires back at SANDF funding criticism
JOHANNESBURG - National Treasury is responding to criticism from Navy Chief Admiral Monde Lobese. He accused Treasury of sabotaging the SANDF during a Joint Standing Committee of Defence meeting. Lobese says Treasury cannot operate like a super department or a government on its own. The SANDF has been allocated 1.7 percent of the country's GDP, just over R57-billion. But, Treasury has hit back, saying it's wrong to suggest the department is responsible for the army's funding crisis. It says Cabinet decides on allocations. In addition to funding distributed for this financial year, the SANDF has also been allocated R4.3-billion in the 2025 Medium Term Expenditure Framework and R5.5-billion for early retirement for the current and next financial years.
