Browsing: Lungisa Fuzile

Current affairs
Treasury working to fix economic ‘mess’

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

Current affairs
Treasury DG wants to quit: sources

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

News
I won’t be reckless: Gigaba

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

News
SA edges closer to junk status

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

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Treasury promises to block nuclear profligacy

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