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Treasury backs Shaik’s DBSA appointment

The Democratic Alliance slammed the appointment of Mo Shaik to the DBSA top job.

Finance Minister Pravin Gordhan

JOHANNESBURG - The National Treasury threw its weight behind Mo Shaik, the new head of the Development Bank South Africa's (DBSA) international subsidiary, on Thursday, saying due process was followed in recruiting him.

The Democratic Alliance (DA) has slammed Shaik's appointment to the top job and called on Finance Minister Pravin Gordhan to make public the process followed in hiring him.

The party said South Africans deserve to know that Shaik's appointment was not a political deployment.

Gordhan's spokesperson Jabulani Sikhakhane said Shaik has both the skill and the contacts to succeed in his new job.

"Based on the experiences of the bank, trying to make headway on the rest of the continent, it became apparent that person who needs to run the unit of the DBSA must have certain skills and expertise."

The DA's Tim Harris said Gordhan should release details of Shaik's appointment to prove the process was transparent.

"We are not opposed to the principle; it may be a very good ground to run a division like that.

"But what we're doing is asking the Finance Minister to explain how the appointment was made because several month ago there was speculation that Mr Shaik would simply be deployed into this post."

The post was advertised within the DBSA, while an agency was also appointed to find candidates.

Nine candidates were interviewed and four of these were shortlisted.

The four completed psychometric testing.

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