Treasury DG Lungisa Fuzile explains (on The Money Show) why he quit

I think my time in politics is done.

Lungisa Fuzile

Treasury has confirmed the departure of Director-General Lungisa Fuzile.

He had been seen as crucial to maintaining stability at the Treasury after Gigaba replaced Gordhan as minister.

Fuzile's decision means the current finance minister will now be able to select a new director general to replace him.

Arabile Gumede (in for Bruce Whitfield on The Money Show) interviewed Fuzile.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

We’ve had too many changes; some of them too close to one another.

Lungisa Fuzile

I wish the downgrade didn’t happen. But things beyond our control made S&P to reach that point.

Lungisa Fuzile

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Article brought to us by Old Mutual.


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