South African Treasury trumpets stability as key official exits

The South African National Treasury’s succession planning is sufficient to ensure the exit of key personnel doesn’t disrupt plans to return public finances to a sustainable path, its top civil servant said. Tshepiso Moahloli, the head of assets and liability management and the most high-profile woman at the Treasury, last week became the latest senior official to resign -- as new Finance Minister Enoch Godongwana prepares to deliver the medium-term budget. Her departure follows that of Roy Havemann, Catherine MacLeod, Ian Stuart and Khetha Dlamini, all senior Treasury staff who regularly interacted with investors.

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