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Bloomberg News reports that Tshepiso Moahloli, the head of assets and liability management and the most high-profile woman at the National Treasury, last week became the latest senior official to resign.
Her departure follows that of Roy Havemann, Catherine MacLeod, Ian Stuart and Khetha Dlamini, all senior Treasury staff. Moahloli is being replaced by Duncan Pieterse, the current head of economic policy, who has been with the Treasury since 2013. While investors continue to have no doubt about the skills and qualifications of the Treasury’s staff, they are apparently concerned there are not enough experienced individuals to replace departing veterans such as Stuart and fill other vacancies. But, director-general Dondo Mogajane said in a recent interview that the Treasury’s succession planning was sufficient to ensure the exit of key personnel did not disrupt plans to return public finances to a sustainable path. Among key officials whose potential departure economists are concerned about is Ismail Momoniat, the 64-year-old head of tax and financial sector policy. The unofficial retirement age is 65. The Treasury has a “strong” talent pool, with three-quarters of senior managers younger than 50 years old and more than half of all staff under 40, Mogajane indicated. As at 31 August, the annual turnover rate of full-time Treasury staff was 3.9%, compared with an average of 5.5% across all government departments.
- Read the full original of the report in the above regard by Prinesha Naidoo at BusinessLive
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