Treasury’s Fuzile off to his farm

2017-04-09 06:00
Treasury director-general Lungisa Fuzile in overalls on his farm near Elliot in the Eastern Cape

Treasury director-general Lungisa Fuzile in overalls on his farm near Elliot in the Eastern Cape

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Video

EXCLUSIVE INTERVIEW: Treasury boss Fuzile confirms he has resigned

2017-04-05 13:00

National Treasury director general Lungisa Fuzile revealed he resigned and will aim to leave by mid-May. Watch.WATCH

Treasury director-general Lungisa Fuzile, who quit this week, will be focusing on farming – for now.

While well known as a sterling technocrat, Fuzile, 51, is also a passionate farmer. Fuzile, known as the Man from Mqanduli, farms near ANC secretary-general Gwede Mantashe in Elliot in the Eastern Cape.

His phone has not stopped ringing with job offers, but he is going to farm for a few months before deciding on a new role.

The job of Treasury director-general is an always-on, 24/7 affair, where your phone does not stop ringing, Fuzile says. He is looking forward to his farm and spending time with wife, Mveli, and his daughter.

“I want to be a proper family man, go to my daughter’s things at school and go on holiday without the phone ringing.”

Fuzile’s parents used communal land to breed livestock to feed an extended family of 20 people. They sold the surplus to boost the family purse. Now he farms both this farm and one in Mqandule and owns Brahman cattle, Savannah goats and Merino sheep.

He has not had time to attend to his farm and his village and there is infrastructure he wants to complete with his supervisors. Until now, Fuzile has tried to ensure he goes home at least once every two months to live true to his dad’s dictum that “the eye of the owner fattens the cow”.

“A good chat with him is one where he is wearing blue work overalls, carrying a stick and herding his sheep. He relaxes, laughs readily and can have long conversations,” says banker and former Business Day editor Songezo Zibi.

Fuzile tried to resign at the end of March, but on Thursday night, his former boss Pravin Gordhan got his marching orders as finance minister by President Jacob Zuma. He tendered his resignation to new Finance Minister Malusi Gigaba this week.

Fuzile is one of South Africa’s most experienced civil servants, and holds a master’s in commerce and two bachelor’s degrees. He joined Treasury almost 20 years ago as deputy director for intergovernmental relations.

Later, he was responsible for asset and liability management and was a respected figure on the global financial scene. He made biannual trips to raise investment in South Africa.

All eyes are now on who will take over his job and whether Gigaba will recruit from inside or bring in his own person.

Treasury has a 20-year programme of growing its own timber. If he chooses to recruit from inside, the new minister has rich pickings: head of economic policy Monale Ratsoma; budget office head Michael Sachs; public finance management head Dondo Mogajane; head of asset and liability management Anthony Julies; and tax and finance sector policy head Ismail Momoniat.

Read more on:    treasury  |  lungisa fuzile

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
Watch: Investing in the future through child development

An investment of R32-million into 11 early childhood development centres is changing the future for children in the Northern Cape.

/Africa
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.