EXCLUSIVE: Treasury’s new DG steps into a minefield
Duncan Pieterse is a highly credible choice as the new director-general of the Treasury. But he faces a steep challenge in stabilising the country’s mounting debt while supporting economic growth and protecting social spending
14 September 2023 - 05:03
Duncan Pieterse, the new director-general of the National Treasury, may have the full confidence of the private sector and the markets, but he’s taken up the job at a very difficult time.
South Africa’s prospects have worsened considerably since the national budget was tabled in February. Recent data suggests the country is heading for a much larger than expected budget deficit as revenue declines on severe load-shedding and logistical constraints while expenditure has risen faster than expected. ..
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.