Treasury’s Guma leaves, reform unit to remain priority
South Africa’s National Treasury said its “pool of skilled and competent officials” is sufficient to ensure that the work of the unit responsible for economic-growth enhancing structural reforms won’t be affected by the exit of a senior official.
Nomvuyo Guma, the co-head of the unit known as Operation Vulindlela and the chief director for microeconomic policy at the Treasury, is due to leave the Pretoria-based organisation on Friday, it said. The reform program was initiated in 2020 to remove blockages to investment and is run together with President Cyril Ramaphosa’s office.
“Operation Vulindlela remains a key priority area for the Minister of Finance and the National Treasury leadership, the Treasury said in a response to questions. “This work will continue” and is assured of the required support, it said.
Ramaphosa established the unit, the name of which means ‘clear the path’ in the isiZulu language, to help rebuild an economy devastated by the coronavirus pandemic and a near-decade of state graft and erratic policy making. Economic expansion has averaged less than 1% over the past decade, below the level needed to keep up with population growth and create jobs in a country where a third of the workforce is unemployed.
Its successes include boosting investment in electricity generation and drawing up plans, that are now being implemented, to allow more private participation in the country’s freight-rail network and reform its byzantine work permit regime.
Aalia Cassim, the Treasury’s acting chief director for microeconomic policy, and its Operation Vulindlela team have been involved with the program since its establishment and will continue to do so, the Treasury said.
Operation Vulindlela has already unlocked R500-billion in investment, Guma said earlier this year. If the reforms implemented under the program take hold, economic growth may accelerate to 3.5% by 2029, according to the Stellenbosch, South Africa-based Bureau for Economic Research.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation