National Treasury director-general Dondo Mogajane
Photo by: Duane Daws
The Brics New Development Bank (NDB) has appointed National Treasury director-general Dondo Mogajane as the new director representing South Africa.
He is succeeding Tito Mboweni whose term of service as director expired in early July after two years.
“The nomination of Mogajane by Finance Minister Malusi Gigaba and subsequent appointment will ensure that no additional costs are incurred further by government in remunerating an appointment from outside of public service, while also enhancing strategic alignment and collaboration between the government of South Africa and the bank,” the National Treasury said in a statement.
Finance Deputy Minister Sfiso Buthelezi has been appointed NDB alternate governor for South Africa, while National Treasury economic policy deputy director-general Monale Ratsoma will continue to serve as alternate director.