Coovadia: Promise of policy continuity takes root at Treasury

 Dondo Mogajane
Dondo Mogajane

Cape Town - The appointment of Dondo Mogajane as director general of National Treasury is regarded as a harbinger of the policy continuity promised by Finance Minister Malusi Gigaba.

This is according to the Banking Association South Africa (BASA) who said Mogajane's appointment bodes well for boosting local and international confidence in the country.

Mogajane, who was acting director general following the resignation of Lungisa Fuzile in April, has been involved in the CEO Initiative, where he had been very active on behalf of National Treasury.

"The appointment of Mr Mogajane is a step in the right direction by Cabinet. He has almost two decades of experience at National Treasury, and is a highly capable finance professional," said BASA MD Cas Coovadia.

"This quick, decisive and prudent appointment will contribute towards local and international investors looking favourably at South Africa. We look forward to working with Dondo in his new role, and the rest of the National Treasury team to place our economy on an inclusive growth path."

Mogajane has two honours degrees in Public Management and Human  Resources  and Industrial  Relations  obtained  at  the  University  of  Durban  Westville. He  also  completed  a Master’s degree in Public Management at the University of Maryland (USA), a Management Advancement  Programme  at  Wits  Business  School and a Programme in Budgeting and Public Financial Management at the Kennedy School of Government at Harvard University.

Mogajane was deputy director general responsible for the Public Finance division at National Treasury. He joined National Treasury in 1999 and he has worked in various areas including, among others, the intergovernmental relations, provincial budget analysis and the international economic relations divisions.

Between 2007 and 2010, he represented South Africa at the Executive Board of the World Bank as senior advisor for Africa Group 1 countries.

Read Fin24's top stories trending on Twitter:

ZAR/USD
16.85
(+0.26)
ZAR/GBP
21.25
(+0.43)
ZAR/EUR
19.03
(+0.84)
ZAR/AUD
11.73
(+0.79)
ZAR/JPY
0.16
(+0.40)
Gold
1798.91
(-0.49)
Silver
18.58
(-0.44)
Platinum
830.00
(-2.06)
Brent Crude
43.32
(+0.49)
Palladium
1933.01
(+1.23)
All Share
55787.90
(-0.15)
Top 40
51536.91
(-0.04)
Financial 15
10339.64
(+0.63)
Industrial 25
77428.31
(-0.10)
Resource 10
52587.29
(-0.39)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not really directly affected
18% - 1870 votes
I am taking a hit, but should be able to recover in the next year
23% - 2448 votes
My finances have been devastated
34% - 3636 votes
It's still too early to know what the full effect will be
25% - 2619 votes
Vote