Treasury DG Duncan Pieterse thanks colleagues for their sterling effort

THE highlight of the interaction between the media and Team Treasury (including the South African Reserve Bank (SARB) deputy governor and the South African Revenue Service (SARS) commissioner) was the thanks that Treasury Director General Duncan Pieterse expressed to his colleagues in the Treasury.

- HELMO PREUSS

Not only did the Treasury have to deal with three iterations of the Budget, but at the same time, they had to manage the hosting of the Finance Track of the G20, as well as running scenarios of what the impact of an erratic and frequently changing US tariff regime meant for exports and global growth. The impact of this is visible in the growth projections between the February and May iterations of the macro-economic forecasts.