Treasury looking for new DG

Treasury looking for new DG

National Treasury has issued a job advertisment for the post of director-general.

Lungisa Fuzile_gcis
Photo: GCIS

The successful candidate will replace Lungisa Fuzile, who resigned shortly after Pravin Gordhan was sacked as finance minister.

 

Treasury is advertising a five-year contract.

 

Any candidate requires, among others, a Masters in economics, or a related qualification, as well as extensive experience in key Treasury programmes.

 

The new DG will assume office amid trying financial times for South Africa.

 

Two international ratings agencies - Fitch Ratings and Standard and Poor's - downgraded South Africa to junk status in the wake of President Jacob Zuma's latest Cabinet reshuffle.

 

Both cited political uncertainty as well as changes to the executive as the main reason behind their decision.

 

Finance minister Malusi Gigaba earlier this week told investors in Cape Town he is looking for a cool-headed professional to replace Fuzile.

 

He also highlighted a continuity at Treasury, especially in terms of management.

 

Fuzile is set to leave Treasury by mid-May.

 

Applications for the post close on the 28th of April.

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