BL Premium reports that Ismail Momoniat, interim director-general at the National Treasury, will remain in that position for 12 months beyond August as the department continues its search for a permanent replacement for Dondo Mogajane, who vacated the position in June.
Momoniat’s contract has apparently been extended by a year to work on specific projects, such as finalising SA’s antiterrorism and anti-money laundering efforts to avoid greylisting by the Financial Action Task Force (FTAF), as well as the medium-term budget policy statement in October. Mogajane recently left his position as director-general of the Treasury after 23 years of working for the department. In July, he was appointed chair of the Government Employees Pension Fund board. Momoniat, who was deputy director-general for tax and financial sector policy for 22 years, was moved into the position in June and was initially expected to go into retirement at the end of August, after which a new permanent director-general was to have been appointed. The vacant director-general post was advertised in June. Michael Sachs, a former head of the National Treasury’s budget office, is said to have declined the director-general post, leaving the race for the third-in-command of SA’s national purse wide open. It was previously reported that the Treasury was considering various internal candidates for the position, including Duncan Pieterse, head of asset and liability management, and Edgar Sishi, who at present heads the budget office. External candidates who could be considered for the position include Kenneth Creamer, who is part of the ANC's economic transformation technical team.
- Read the full original of the report in the above regard by Thando Maeko at BusinessLive (subscriber access only)
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