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Gigaba: DG appointment will assure stability in Treasury

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JOHANNESBURG – Finance Minister Malusi Gigaba says he expects to appoint a new director-general (DG) of Treasury by the end of May, which he hopes will bring further assurances of stability within the sector.

The minister was speaking at a briefing in Pretoria on Wednesday before departing for the World Bank and International Monetary Fund meetings in the United States.

Current Director-General Lungisa Fuzile has resigned and leaves Treasury in May.

Minister Gigaba says he will be meeting a range of world finance leaders as well as investors to assure them of South Africa’s unchanged economic path.

He will also meet rating agency Moody’s.

“I will brief them of my intentions that before the end of May, we have appointed a new DG.”

The minister believes the setbacks the country has experienced are temporary and the country’s institutions are strong enough to turn the situation around.

(Edited by Masechaba Sefularo)

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