Treasury is hiring a DG to replace Lungisa Fuzile

14 April 2017 - 15:04 By TMG Digital
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National Treasury Director-General Lungisa Fuzile bemoaned the level of ’political noise’ in South Africa.
National Treasury Director-General Lungisa Fuzile bemoaned the level of ’political noise’ in South Africa.
Image: TREVOR SAMSON

The National Treasury is recruiting a new director general‚ with a salary of up to R1.9 million for the person who can reform the financial sector while ensuring stability within markets‚ as well as develop "equitable tax policies in support of the overall development of the economy".

The job ad‚ issued on Friday‚ is for a fixed term 5-year contract with a remuneration package starting at R1‚689‚750.00 up to R1‚903‚506.00 per annum‚ all inclusive.

The closing date is 28 April 2017.

Lungisa Fuzile resigned from the job earlier this month‚ a year before his contract was due to end.

Fuzile has been at Treasury for 20 years.

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A national treasury statement downplayed his resignation‚ saying‚ "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."

Fuzile is highly respected and takes with him years of institutional memory when he leaves the Treasury. His resignation followed the axing of his boss by Pravin Gordhan and Deputy Finance Minister Mcebisi Jonas by President Jacob Zuma.

The job spec states the successful candidate must have a Masters degree in Economics or related field from an accredited institution as well as 8-10 years of senior management‚ at least five years of which must be within the State.

Qualifications and South African citizenship checks will be conducted on all short-listed candidates.

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Ability to communicate and interact with officials at all levels of government and to work effectively with a wide range of constituencies including the private sector and international co-operation partners are required.

The successful candidate will also be expected to produce a sound and sustainable national budget and equitable division of resources between the three spheres of government‚ manage government’s financial assets and liabilities through prudent cash management‚ asset restructuring and management of debt portfolio‚ support South Africa’s participation in international finance and development policy and institutions‚ including the IMF‚ World Bank‚ G20 and Organisation for Economic Cooperation.

National Treasury is also hiring a Chief Procurement Officer at deputy director general level with a salary band of between R1‚299m to R1‚46m a year‚ and Head of Government Technical Advisory Centre‚ at director general salary level.

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