Thursday, August 16

Lungisa Fuzile

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Lungisa Fuzile serves as Director-General at The National Treasury.

He joined the National Treasury in 1998 as a Deputy Director.

He quickly rose through the ranks to become the head of the Intergovernmental Relations division.

In this position, Fuzile gave strategic leadership to the development and maintenance of the intergovernmental fiscal framework, including the reviewing of the formulae for the transfer of resources to provincial and local governments.

It was under his leadership that Intergovernmental Relations introduced the Infrastructure Delivery Improvement Programme (IDIP) to solve the capacity and institutional challenges faced by the provincial departments of Health, Education and Public Works in the delivery of infrastructure.

In July 2008 Fuzile took on the position of Deputy Director-General in the Asset and Liability Management (ALM) division.

In that capacity he was responsible for cash management, the financing of the deficit and financial oversight over state-owned entities.

His primary responsibilities as Director-General of the National Treasury include managing the department, producing a sound and sustainable national budget, managing government’s financial assets and liabilities, overseeing government accounting policies and standards, regulating public sector procurement through policy formulation, developing appropriate fiscal policy and financial management, and improving financial management throughout government.

His various roles at the National Treasury during the past 13 years have given him a sound understanding of the work of the department.

Fuzile is a Master of Commerce graduate.

He began his career as a school teacher, later switching to university lecturer before joining Statistics South Africa in January 1997.

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Bontle Moeng is the Founder and Managing Director of BizNis Africa. Moeng has spent 15 years working in the digital and online media industry across Africa. She applied her trade at True Love magazine prior to discovering her passion for Investment news in key sectors across Africa. Moeng previously worked for ITWeb, Starfish Mobile Technologies, ITNewsAfrica, AVATAR Agency, eNitiate, Global Interface Consulting and Havas Johannesburg. Her primary focus is to provide solid and valuable content on investment opportunities for the ICT, Energy and Mining sectors across Africa. In addition, the online news publication assists global companies to expand their presence in Africa. Email: news@biznisafrica.co.za

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