BusinessJuly 16, 2026
fiscus
/ˈfɪskəs/
Definition
The public treasury or the financial resources of a state.
Etymology
Derived from the Latin word 'fiscus', which originally meant a 'basket' or 'wicker basket' used as a moneybag. It evolved in Roman law to refer specifically to the emperor's private treasury and eventually became a standard term for the public purse.
In the news
In this article, the term refers to the South African national treasury. It highlights that the new subsidiary's financial risks are limited, ensuring they do not burden the country's public funds.
Eskom secures approvals to launch Eskom Green as wholly owned subsidiary and unlock renewable energy investment
Read the full article ↗Green Building Africa