Treasury office to save R1m by closing
FRANCOIS Rodgers, the new Finance MEC in KwaZulu-Natal, will be closing down the Durban treasury office as a demonstration of his commitment to effective spending of the budget.
The office is located on the 9th floor of The Marine Building in Durban. All KZN treasury operations will continue in the main office, 2nd Floor, North Tower, Natalia Building, 330 Langalibalele Street, Pietermaritzburg.
According to the office of the KZN treasury, the closure of the leased office will save the treasury an estimated R1 million a year, which will be directed to other strategic service delivery needs of the treasury department.
Rodgers said that his main priority is to stabilise the finances of the province and he will be working with the KZN treasury team as well as the executive council to ensure that decisions are made to protect the fiscus of the province.
“During my consultation with my executive team in the department, I directed that business cannot continue as usual and we need to streamline operations,” Rodgers said.
“In this regard, I have decided to close the Durban office (which served as a secondary office) with an annual lease amount of R1 115 786.40, translating to a total value of just over R5.778m over five years that we will save.”
According to Rodgers, the KZN treasury ministry team will operate from the Pietermaritzburg office.
“My wish is to enhance the transparency of our decision-making in resource allocation and utilisation and I am prepared to make tough decisions if we are to demonstrate that we mean business when we say we will stabilise finances with prudent fiscal management, and as KZN treasury we must lead by example,” Rodgers said.