South Africa: Finance Minister Congratulates New FIC Director

Finance Minister Malusi Gigaba has congratulated Advocate Xolisile Jennifer Khanyile on her appointment as the Director of the Financial Intelligence Centre.

"The Financial Intelligence Centre (FIC) plays a key role in ensuring that the financial system has integrity. We also believe that Advocate Khanyile will work with other industry stakeholders to ensure that transparency is improved in South Africa's financial system in order to support higher economic growth. We wish her well in her new role," said Minister Gigaba on Thursday.

Advocate Khanyile's appointment will be effective from 1 January 2018.

She holds a B Juris Degree from the University of Zululand, an LLB from the University of Zululand, and a Management Development Programme (MDP) from the University of the Free State Business School.

Positions Advocate Khanyile has held include that of Director of Public Prosecutions in the Free State; acting Director of Public Prosecutions in South Gauteng and Deputy Director of Public Prosecutions in the Asset Forfeiture Unit, among others.

The FIC collects information and analyses suspicious transactions


South Africa to take tough decisions to grow economy: Gigaba

  JOHANNESBURG (Reuters) - South Africa’s government will take “necessary tough decisions” to stabilize public debt and grow the economy, Finance Minister Malusi Gigaba said on Saturday. “We will take the necessary tough decisions to continue fiscal consolidation and stabilization as we move towards the 2018 budget in February,” Gigaba told a breakfast briefing before the start of the ruling African National Congress conference to pick a new party leader.

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