New director-general of National Treasury, Dondo Mogajane (Pic supplied: Treasury Twitter)

Business In The News South Africa

New Development Bank appoints Dondo Mogajane as director

JOHANNESBURG, August 11 – The New Development Bank (NDB) on Friday announced that it has appointed Dondo Mogajane as a director representing Africa.

The multilateral development bank established by the BRICS states – Brazil, Russia, India, China and South Africa said Mogajane was appointed following the “expiration” of Tito Mboweni’s term of service as a director.

Mboweni commenced his term as SA director at the NDB on July 3, 2015 for a 2-year term, which ended on July 2 this year.

The NDB, formerly referred to as the BRICS Development Bank, confirmed Mogajane, who is the director-general of the National Treasury, had been appointed as the new director representing South Africa.

National Treasury said the nomination of Mogajane by Finance Minister Malusi Gigaba and the “subsequent appointment will ensure that no additional costs are incurred further by government in remunerating an appointment from outside of public service while also enhancing strategic alignment and collaboration between the government of South Africa and the Bank”.

Gigaba thanked Mboweni for his “excellent representation of the government of South Africa as a member of the Board and Chair of the Audit, Risk and Budget Compliance Committee with commendable professionalism and dedication”.

– African News Agency (ANA)

Leave a Reply

Your email address will not be published. Required fields are marked *