In his treasury post, he also oversaw liaison with the South African Reserve Bank on the financing of cash used by the bank to buy foreign exchange reserves. Dec 14 (Reuters) - Standard Bank Group has named Lungisa Fuzile to head its biggest unit in South Africa, assuming some responsibilities from Group CEO Sim Tshabalala. Standard Bank Group is a financial institution that offers banking and financial services to individuals, businesses, institutions and corporations in Africa and abroad. Fuzile’s contract was due to end in May 2018, however last week he requested former Minister Pravin Gordhan for a redetermination of his contract with the exit date of 15 May 2017. Lungisa Fuzile joined the group in January 2018 as chief executive of SBSA. Johannesburg - The former Treasury director-general Lungisa Fuzile has painted a chilling picture of the hours after Nhlanhla Nene's firing as finance minister on December 9, 2015, and his replacement by Des van Rooyen. We drive sustainable and inclusive economic growth in Africa. We are our people. Get local and international financial report, analysis, commentary, banking news and all the stories you want to know. The latest Standard Bank Group Annual Reports, African Women's Leadership Fund Initiative, Social, Economic and Environmental framework. Treasury is hiring a DG to replace Lungisa Fuzile 14 April 2017 - 15:04 By TMG Digital National Treasury Director-General Lungisa Fuzile bemoaned the level of ’political noise’ in South Africa. 0. (Waldo Swiegers/Bloomberg/Getty Images) Facebook. Prior to his appointment, he had a 20-year career in public service. Read more Ex-treasury DG was warned of ‘Gupta minister’ Our Standards: The Thomson Reuters Trust Principles. The head of one of Africa’s largest banks’ South Africa operations says the country has to work through lean times to turn the economy around. As we grow in Africa, we will continue to review our systems and processes according to the best possible compliance and risk management skills. 2015: South Africa says watching merger of SABMiller for signs of tax erosion: RE. His most recent role was as director-general of the National Treasury where he was responsible for providing strategic leadership and direction to the successful execution of the legislative mandate of the National Treasury. Read more. Standard Bank Group has named Lungisa Fuzile to head its biggest unit in South Africa, assuming some responsibilities from Group CEO Sim Tshabalala. (reut.rs/2AmhCNz) (Reporting by Noor Zainab Hussain in Bengaluru and Tiisetso Motsoeneng in Johannesburg; editing by Mark Heinrich). The Director-General of National Treasury, Lungisa Fuzile, was key to the fight against “state capture” by National Treasury. Read: Standard Bank co-CEO Ben Kruger steps down We aim to offer universal banking capabilities to individuals, small-to medium-sized businesses, corporates, financial institutions and internationals. Lungisa Fuzile joined the group in January 2018 as chief executive of SBSA. Standard Bank is not an abstract legal entity. The salary bill debacle is an echo of what’s unfolded at Eskom. Telegram. Lungisa Fuzile joined the group in January 2018 as chief executive of SBSA. Prior to his appointment, he had a 20-year career in public service. We are a universal bank and full- service financial group offering transactional banking, saving, borrowing, lending, investment, insurance, risk management, wealth management and advisory services. Lungisa Fuzile (R), then director-general at the Treasury, listens to Finance Minister Malusi Gigaba in Pretoria, on April 4, 2017, shortly before Fuzile resigned. Linkedin. Before this, and since 2008, Tshabalala shared the CEO role with Ben Kruger. We strive to nurture growing talents and to aid local communities to grow in their chosen fields. Director General Lungisa Fuzile today confirms reports of his imminent departure at National Treasury. He joined the treasury in 1998 from Statistics South Africa. Lungisa Fuzile joined the National Treasury in February 1998 from Statistics South Africa. Fuzile, who was born in 1966 and is married with one daughter, served as the National Treasury's director general between from for six years from May 2011. I am pleased to announce the appointment of Mr Lungisa Fuzile as the new Director-General (DG) of the National Treasury effective 16 May 2011. He joined the National Treasury in 1998 as a Deputy Director. STANDARD BANK APPOINTS LUNGISA FUZILE AS CEO Publication Date: 15/12/2017. Collègues dans l'industrie. Standard Bank South Africa on Thursday announced the appointment of Lungisa Fuzile as its new CEO with effect from January 15, 2018. We're here for you as we face this pandemic. Select your country to view available online banking portals: Need help with one of our products or services, Standard Bank is a licensed financial services provider in terms of the Financial Advisory and Intermediary Services Act and a registered credit provider in terms of the National Credit Act, registration number NCRCP15, We have supported our clients, employees and communities for more than 156 years, with a presence in 20 African countries and in key global markets. Prior to his appointment, he had a 20-year career in public service. Treasury director-general Lungisa Fuzile and Finance Minister Pravin Gordhan. The appointment of Lungisa Fuzile as CEO of Standard Bank South Africa imparts additional strong leadership and world-class credentials to the banking sector and is wholeheartedly welcomed. Prior to his appointment at the National Treasury, Mr. Mogajane was a Student Housing Manager and part-time lecturer at Durban Westville University. Email. 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