Ramaphosa appoints Nene, Ngqaleni as Chairperson, Deputy Chairperson of Financial and Fiscal Commission

Pretoria, The Gulf Observer: President of South Africa Cyril Ramaphosa has appointed former Finance Minister Nhlanhla Musa Nene and Malijeng Ngqaleni as Chairperson and Deputy Chairperson of the Financial and Fiscal Commission (FFC), respectively.

According to a statement issued by the Presidency on Tuesday, the appointments have been made in terms of Section 221 of the Constitution of the Republic of South Africa, 1996, and Section 8 of the Financial and Fiscal Commission Act, 1997.

The FFC is mandated to make recommendations to Parliament, provincial legislatures, local government and other organs of state on financial and fiscal matters, as provided for under the Constitution and other national legislation.

President Ramaphosa also appointed Bulelwa Dygrecia Nqadolo, Advocate Neo Khethang Tsholanku, Andrew Robert Donaldson and Astrid Ludin as members of the Commission.

The Presidency said the appointments would be for a five-year term, effective from the date the appointees assume office. The Chairperson will serve as a full-time member, while the Deputy Chairperson and other members will serve on a part-time basis.

Nene has previously served as a Member of Parliament and as Deputy Minister of Finance. He was also a member of the Local Organising Committee for the 2010 FIFA World Cup hosted by South Africa.

Ngqaleni is currently a member of the FFC and previously served as Deputy Director-General for Intergovernmental Relations at the National Treasury. She also held senior positions dealing with provincial and local government infrastructure as well as provincial budget and policy analysis.

Nqadolo has held several senior positions in financial management, including Deputy Director-General for Municipal Financial Governance and Chief Financial Officer roles at the Eastern Cape Provincial Treasury. She also served as Director of Financial Administration in the province.

Advocate Tsholanku is currently Head of Corporate Legal Services at the South African Revenue Service (SARS). He previously served as Head of Criminal Investigations at SARS and held senior legal and compliance positions at Eskom and the South African Broadcasting Corporation. He has also practised as an advocate and served as a public prosecutor.

Donaldson is a Senior Research Associate at the University of Cape Town’s Southern Africa Labour and Development Research Unit. He is a former Deputy Director-General at the National Treasury, where he was responsible for the Budget Office and Public Finance, and also served as Acting Head of the Government Technical Advisory Centre.

Ludin previously served as Deputy Commissioner at the Financial Sector Conduct Authority, overseeing financial markets and retirement fund supervision as well as digital transformation. She is also President of the International Organisation of Pension Supervisors and has held senior positions in various regulatory and policy institutions, including the Companies and Intellectual Property Commission, Department of Trade and Industry, Competition Commission and Prudential Authority.

The Presidency said the appointees’ expertise, experience and institutional knowledge would bring significant value to the Commission.

President Ramaphosa congratulated the appointees and wished them success in their new responsibilities.

The President also expressed appreciation to the outgoing Chairperson, Dr Patience Nombeko Mbava, for her dedication, expertise and service during her tenure.