Malusi Gigaba: change has arrived at Treasury
The new finance minister zooms in on R500bn procurement bill amid doubt, director-general Lungisa Fuzile will see his term out
New Finance Minister Malusi Gigaba has set out an agenda that is "unapologetically" focused on using the state’s R500bn procurement bill and public infrastructure spend to drive business to black enterprises and professionals. At a Saturday morning media conference, called less than 36 hours after he was appointed in Thursday night’s shock Cabinet reshuffle, Gigaba made it clear that things would be very different at the Treasury from now on — prompting questions about how long director-general Lungisa Fuzile would stay. The highly regarded Fuzile did not directly answer questions on Saturday whether he would see out his contract, which ends in May 2018. Gigaba’s spokesman, Mayihlome Tshwete, confirmed on Sunday that the issue of Fuzile’s departure had been discussed, but the minister and the director-general had agreed that the priority right now was to stabilise the situation. "The minister would like him to stay as long as possible," Tshwete said.Gigaba went out of his way on Sat...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.