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Treasury appoints acting head of budget

Sachs left his job earlier in November to take up a post in the Gauteng provincial government.

FILE: Finance Minister Malusi Gigaba. Picture: EWN

JOHANNESBURG - The National Treasury has announced the appointment of Ian Stuart as the acting deputy Director-General for the budget office following Michael Sachs’ exit.

Sachs left his job earlier in November to take up a post in the Gauteng provincial government.

Stuart is currently the chief director for fiscal policy in the budget office, a job he’s held since 2015.

Finance Minister Malusi Gigaba has thanked Sachs for his service and commitment during his time at the National Treasury.

The rand and government bonds tumbled earlier in November after Sachs quit over alleged interference by President Jacob Zuma in the budget process.

Spokesperson Mayihlome Tshwete said: “We were able to find an individual who could continue the work that Sachs has contributed quite greatly over the last several years.”

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