Treasury director general resigns

National Treasury has confirmed that director general Lungisa Fuzile has resigned.

According to the Treasury statement, Fuzile is now in talks with Finance Minister Malusi Gigaba to ensure smooth transition.

Fuzile will leave office on the 15th of May.

Econometrix chief economist, Azar Jammine, says Fuzile's resignations will raise further suspicions of the capture of National Treasury.

It's quite possible that speculative comments about Brian Molefe taking over as DG of Treasury are valid.

Dr Azar Jammine, chief economist at Econometrix

Molefe would be capable of taking that job from a professional point of view. He does have the experience.

Dr Azar Jammine, chief economist at Econometrix

But he would remain tainted with the image of state capture.

Dr Azar Jammine, chief economist at Econometrix

Listen to the full interview with Dr Azar Jammine below...


This article first appeared on 702 : Treasury director general resigns


Recommended

by NEWSROOM AI
Read More
'Mantashe, Ramaphosa, Mkhize were testing waters by speaking against President'

'Mantashe, Ramaphosa, Mkhize were testing waters by speaking against President'

Ralph Mathekga says leaders who spoke against Cabinet reshuffle knew they had no support within ANC structures but were hopeful.

Zuma stays, ANC full confidence in Finance Minister Malusi Gigaba

Zuma stays, ANC full confidence in Finance Minister Malusi Gigaba

ANC's Gwede Mantashe says newly appointed ministers are very capable comrades who have valuable skills.

Media debate bias and reporting

Media debate bias and reporting

The Gupta-owned station has been harshly criticised by some accusing the broadcaster of promoting propaganda.

Zuma responsible for turmoil, recklessness and irrationality  - BLSA

Zuma responsible for turmoil, recklessness and irrationality - BLSA

Reports have emerged that National Treasury director general Lungisa Fuzile has asked to leave his post at the end of this month.

Leaked notes allegedly from ANC NWC meant to create confusion - analyst

Leaked notes allegedly from ANC NWC meant to create confusion - analyst

The ANC distanced itself from the leaked notes purported to come out of its national working committee meeting.

Cosatu: Zuma the source of a polarised SA

Cosatu: Zuma the source of a polarised SA

Cosatu says it could no longer discuss Zuma's conduct behind close doors with the ANC as he has gone rogue and been out of reach.

Gigaba claims S&P forewarned him of downgrade in confidence

Gigaba claims S&P forewarned him of downgrade in confidence

The new Finance Minister addressed the media and said he could not share the information prior to the announcement.

Gigaba knew about S&P downgrade ahead of time

Gigaba knew about S&P downgrade ahead of time

Why Malusi Gigaba lied to South Africa after Standard and Poor's forwarned him on Friday about the imminent downgrade.

[CARTOON] Open Sez me!

[CARTOON] Open Sez me!

EWN's Chip & Curtis liken u Baba Jacob Zuma and his cronies to the folk tale of Ali Baba and the Forty Thieves.

What being downgraded to junk status really means

What being downgraded to junk status really means

Wits Professor Patrick Bond and Financial Mail's Sikonathi Mantshantsha share their insights into the latest S&P downgrade.

‘Treasury [the new team] doesn’t acknowledge that we have a problem’

‘Treasury [the new team] doesn’t acknowledge that we have a problem’

Arabile Gumede interviews KPMG Senior Economist Christie Viljoen.

Popular articles
You’re either a ‘money slave’ or a ‘money master’ (says author of 'My Money')

You’re either a ‘money slave’ or a ‘money master’ (says author of 'My Money')

The Money Show’s Bruce Whitfield interviews Sugar Creek financial expert and author of “My Money” Gerald Mwandiambira.

Gift of the Givers' Dr Imtiaz Sooliman – angel amongst men – talks about money

Gift of the Givers' Dr Imtiaz Sooliman – angel amongst men – talks about money

"I have no desire for clothes. I have no desire for holidays. I have no desire for outings. All I see is the suffering of people…"

Group distances itself from N2 car spinners caught on film

Group distances itself from N2 car spinners caught on film

It turns out that the petrol heads who span cars on the N2 were part of the SA Torque Cape Town Breakfast Run.

Uber customer threatened with hockey stick by driver

Uber customer threatened with hockey stick by driver

An Uber customer shares how she was threatened by an Uber driver with a hockey stick after a disagreement.

Unauthorised debit orders: When last did you check your bank statement?

Unauthorised debit orders: When last did you check your bank statement?

Unauthorised debit orders are a huge problem affecting thousands of South Africans.

Heads to roll for N2 car spinning frenzy

Heads to roll for N2 car spinning frenzy

WC Traffic Chief says there was no authorisation given for cars to be spun on a provincial road with the protection of officers.

Menthols far deadlier than regular cigarettes, finds FDA. BAT shares tumble 11%

Menthols far deadlier than regular cigarettes, finds FDA. BAT shares tumble 11%

A proposed FDA ban wiped R176bn from British American Tobacco's market cap. Bruce Whitfield talks to Dr Richard van Zyl-Smit.