FULL STATEMENT: Lungisa Fuzile leaves Treasury

Nastional Treasury director general Lungisa Fuzile. (Supplied)
Nastional Treasury director general Lungisa Fuzile. (Supplied)

Director General Lungisa Fuzile today confirms reports of his imminent departure at National Treasury.

EXCLUSIVE INTERVIEW: Treasury boss Fuzile confirms he has resigned

Fuzile’s contract was due to end in May 2018, 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 the Treasury for some time.

In the past few days, Fuzile has been focusing on ensuring a smooth hand over to Minister Malusi Gigaba. Whilst Fuzile has indicated his flexibility to stay on for 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, Fuzile says.

He says, 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, a diligent and committed public servant, leaves 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.

Read Fin24's top stories trending on Twitter:

ZAR/USD
16.99
(-0.23)
ZAR/GBP
21.14
(+0.11)
ZAR/EUR
19.08
(+0.02)
ZAR/AUD
11.77
(-0.23)
ZAR/JPY
0.16
(-0.05)
Gold
1774.85
(-0.01)
Silver
17.97
(+0.34)
Platinum
812.50
(+0.74)
Brent Crude
42.92
(+2.64)
Palladium
1898.37
(+0.62)
All Share
54614.46
(-0.01)
Top 40
50306.68
(-0.01)
Financial 15
10180.77
(-0.33)
Industrial 25
76726.42
(+0.75)
Resource 10
50277.82
(-0.97)
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% - 1563 votes
I am taking a hit, but should be able to recover in the next year
23% - 2028 votes
My finances have been devastated
34% - 3042 votes
It's still too early to know what the full effect will be
25% - 2202 votes
Vote