Director General to leave National Treasury

Wednesday, April 5, 2017

Pretoria – The Director General at National Treasury, Lungisa Fuzile, will leave Treasury next month.

The Director General’s contract was due to end in May 2018, Treasury confirmed on Wednesday.

“However last week, he requested former Minister Pravin Gordhan for a redetermination of his contract with the exit date of 15 May 2017. He has been indicating his desire to leave Treasury for some time,” said National Treasury.

In its statement, Treasury said Fuzile has been focusing on ensuring a smooth hand over to current Minister Malusi Gigaba.

“While Fuzile has indicated his flexibility to stay on for a reasonable amount of time if needed, he and the Minister are in discussions on how to ensure that a smooth transition and the institutional strength of National Treasury is sustained and reinforced.

“On continuity, Fuzile says his departure and that of his previous principals should not necessarily lead to a change of course as the mandate of National Treasury is reinforced by the Constitution and a number of other legislations.”

The Director General said National Treasury officials are competent, highly skilled professionals who are very conscious of their higher duty.

Their commitment and diligence is not attached to a Minister, and they will continue to serve the nation to ensure protection of the fiscus and the sound financial management in South Africa under the current leadership of Minister Malusi Gigaba and Deputy Minister Sfiso Buthelezi.

Fuzile will leave National Treasury after 20 years of service.

He moved within the ranks from a Deputy Director after joining in 1998. In May 2017, he will be completing six years in his role as Director General of National Treasury. –

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