STAFF REPORTER
FINANCE minister Enoch Godongwana has appointed Ismail Momoniat as acting Director-General of the National Treasury, effective from June 8 2022.
Momoniat, a Treasury veteran and a former head of tax and financial sector policy in the department, takes over the reins following the departure of Dondo Mogajane on June 7.
“I am confident that Momoniat will keep a steady hand on the till of the organisation, steering the department to meet our strategic agenda while ensuring continuity and stability,” said Godongwana in a statement issued on Wednesday.
Godongwana said Momoniat brings a wealth of experience to the position, having served National Treasury with dedication for 27 years, of which 22 years have been instrumental in the leadership of the organisation as a Deputy Director-General.
“Mr Momoniat’s focus at the National Treasury has been on formulating and designing the policy and legislative framework for the fiscal and financial governance and accountability system for the public sector, the intergovernmental fiscal framework, and the tax and financial regulatory system,” the minister said.
“This included driving the foundational financial and fiscal legislation to give effect to our 1996 Constitution, to reverse the legacy of the racist Apartheid state. This included the development and enactment of the Public Finance Management Act which promoted good financial governance in the public sector and outlined the powers and functions of the National Treasury.”
In recent months, Momoniat led the process for the adoption of the Carbon Tax Act to reduce greenhouse gas emissions to counter climate change.
“I, as the Minister, the National Treasury team, and the broader financial family, welcome Mr Momoniat in this new acting role and assure him of our support and cooperation,” he said.
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