Browsing: Lungisa Fuzile

Government incompetence has left critical infrastructure in tatters, forcing companies to step into the breach.

Standard Bank Group’s total IT spending, including staff costs, topped R10-billion in the first six months of 2022.

Standard Bank South Africa CEO Lungisa Fuzile has apologised profusely for the bank’s extended downtime at the weekend – the latest in a series of incidents.

Standard Bank Group has allocated R10-billion to fund energy projects in South Africa as the continent’s largest lender by assets grows more confident in its home market and invests in riskier ventures.

South Africa’s new national treasury director-general, Dondo Mogajane, said the institution is focused on carrying out reforms that will get the economy out of a recession and improve its credit ratings. “We are in a mess – the mess is a low growth trap

The head of national treasury, Lungisa Fuzile, has asked to leave his post at the end of this month, a year before his contract runs out, according to three people with knowledge of the matter. Fuzile, 51, informed

New finance minister Malusi Gigaba said he will work within the country’s fiscal framework and doesn’t plan to remove treasury director-general Lungisa Fuzile. “I will work within the fiscal framework as agreed by

South Africa moved closer to a junk credit rating after Fitch Ratings changed the outlook on its assessment to negative from stable and warned that continued political instability could result in a downgrade. The ratings for foreign currency

National treasury will ensure it protects South Africa’s fiscal integrity with regard to South Africa’s nuclear procurement plan. Deputy finance minister Mcebisi Jonas told media on Wednesday that treasury will

The lack of sufficient electricity is the most binding constraint to production and investment in South Africa, finance minister Nhlanhla Nene has acknowledged to MPs. In reply to a written