National Treasury

Synthetic Financial CentreTerrorism financing risk assessmentReview the local government fiscal framework to enhance equity and service delivery.Review and amend the Municipal Financial Management Act (MFMA).Public Procurement ActImplement the trading services reform programme to create professionally managed utilities in all metros.Undertake an audit of municipal managers and CFOs to assess compliance with standards.Eskom conditionalityTransnet guarantee conditionalityAppointment of NTCSA BoardEstablish an Inter-Departmental Working Group (IDWG)Enable real time data access through a data exchange for key administrative databases.Digital transformation: Enable bulk data access to research; monitor and improve service deliveryEstablish a payment bridge and switch to enable seamless transactions with government.Introduce payment standards and interoperability through Integrated Financial Management System (IFMS).New framework including reform conditionalityInclude AI governance principles in the Joint Standard on Culture and Governance with a financial sector focus.Transitioning cash market products (loans, bonds, money market instruments) from JIBAR to ZARONIA by defining a fallback methodology: compounded ZARONIA + credit adjustment spread (CAS)Develop a national green finance classification systemExtension of market abuse rules to new asset classes as part of market integrity reforms.Upgrade and rollout of digital identity verification systemNational Treasury and Stats SA are implementing new data collection protocols, digital platforms and legislative reforms to modernise the national statistics systemSARB empowered to manage systematically important financial institutions (SIFIs) failures.Mandatory task force on climate-rated financial disclosures (TCFD) reportingModernise forex system for trade and investment to align with OECD code of liberalisationNew standards for exchanges and market infrastructures.Real-time, low-cost payment platform (SARB project Khokha) with the potential to boost financial inclusion.Improving credit information and reporting through national credit bureau and data-sharing reforms.Implementation of Basel III reforms to enhance risk sensitivity, granularity and consistency in credit risk calculationsReplace all previous operational risk capital approaches (advanced measurement approach and three standardised approaches) with a single, risk-sensitive standardised approach for all banksImplementation of the Basel III revised leverage ratio, including an updated exposure definition to better capture both on- and off-balance sheet risks.New reporting requirements and supervision.Restructuring the Gold and Foreign Exchange Contingency Reserve Account to manage forex reserves and reduce government borrowing.Enact COFI Bill to harmonise market regulationRisk-based supervision and capital adequacy reforms through enhanced monitoring, stress testing and reportingStrengthening governance and investment oversight in pension funds through new standards and proactive supervisionStrengthening liquidity support for banks through enhanced assessment and support mechanismsCapital flows management framework review; fostering business growth and promoting investment in the region.Consolidation of four ombuds offices into a single redress system.Crypto asset policy.Tokenisation (aka Blockchain)Supporting SMEs through payments innovationTwo-pot system/early access to retirement fundsUnclaimed assets – existing unclaimed retirement fund benefit provisionsNational Treasury’s financial inclusion policyImproved access for SMEs, diversification, innovation, competitivenessPort concessioningNational Rail Master PlanEstablish Transport Economic RegulatorEstablish the private sector participation (PSP) unitTNPA corporatisationReview and adjust regulations to remove barriers to low-cost housing developmentRail access: TRIM tariffsRedesign the First Home Finance subsidy to increase uptakeIntroduce a demand-side rental subsidy for affordable housingConduct an audit of under-utilised public properties in metros and secondary citiesClarify, simplify and streamline regulations and procedures for the release of public landIdentify and release nationally-owned land and properties to housing developers for affordable housingClear existing backlog of title deeds for subsidised housingFull unbundling of the NTCSAIndependent Transmission Project (ITP) funding model / Credit Guarantee VehicleRemoval of NTCSA upstream guarantee (‘Lazard Structure’)Municipality Eskom debt workout strategyInstitutional framework for sanctionsSAPSNPAAddressing deficiencies in anti-money laundering (AML) and combating terrorist financing (CFT)Counter terrorism financing strategy planLegal framework for sanctionsImprove risk-based categorisation and supervisionFSCAFICChanging law.SAPS demonstrates increase in requesting informationAnti-money laundering and combating terrorism finance legislationProtection of Constitutional Democracy Against Terrorism and Related Actives Amendment ActProactive responseFATF Grey Listing RemediationCross-border transfers: action taken against unlicensed entities