The Federation of Unions of South Africa (FEDUSA) has welcomed Cabinet’s appointment of acting Director General Dondo Mogajane as the new Director General of National Treasury.
Mogajane has been acting in the position since May following the resignation of former Treasury Director General Lungisa Fuzile who was not happy with President Jacob Zuma’s mid-night Cabinet reshuffle of March 31 which resulted in former Finance Minister Pravin Gordhan and his Deputy Mcebisi Jonas losing their jobs
FEDUSA believes Mogajane is a highly qualified bureaucrat serving with distinction and dedication at National Treasury since 1999, whilst fulfilling his role for the last 2 years as Deputy Director General: Public Finance. His progression in rank within the Treasury following his initial appointment as Senior Budget Analyst, is certainly reassuring to FEDUSA of his ability to steer the economy on a positive trajectory, prior to his employment as a senior advisor at the World Bank from March 2007 – December 2009. Mogajane occupied various positions at the Treasury including that of Chief of Staff and Chief Operating Officer
“We welcome and Congratulate Mogajane on his appointment as the Director General of National Treasury. We believe this is a timely move towards projecting a renewed outlook for South Africa’s financial markets and the economy overall,” said FEDUSA Acting President, Chris Klopper.
“Mogajane was a diligent member of Team South Africa, comprised of government, business and labour leaders, and FEDUSA believes that with his insights and inclusion in the top National Treasury team, it will allow him to contribute towards much needed higher levels of inclusive growth, which will bring with it a new sense of confidence in South Africa by credit rating agencies and investors.
This week South Africa was plunged into technical recession following the release of Gross Domestic Product numbers by Statistics South Africa which showed that the rate of economic growth had dropped to minus 0.7% in the first quarter of 2017 from minus 0.3% in the fourth quarter of 2016 in the middle of a sovereign downgrading to junk status or sub-investment grade credit rating by Standard & Poor and Fitch, with Moody’s expected to follow suite shortly.
FEDUSA certainly looks forward to reigniting the concerted efforts by Team SA, through the leadership and guidance of Mogajane, in order to drive inclusive economic growth and the realisation of Decent Work and Decent Life for All, concluded Klopper.
FEDUSA is the largest politically non-aligned trade union federation in South Africa and represents a diverse membership from a variety of sectors in industry. See www.fedusa.org.za for more information.
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