Deputy director general: National Treasury
Phakamani is the deputy director general of the national Treasury. Though soccer is his life, Phakamani became one of South Africa’s most astute economists instead of the soccer star he first thought he would be.
Phakamani, who grew up in Wembezi, Escourt (Emtshezi), in KwaZulu-Natal has been the deputy director general of asset and liability management since 2004. He joined the national Treasury (then the department of finance) in 1996 when he was appointed deputy director in the Southern African Development Community finance and investment sector coordinating unit.
In 1999 Phakamani was promoted to director of domestic debt management, where he was tasked with reducing government debt costs and developing the domestic capital market. In 2001, he became the chief director of liability management, a position where he specialised in coordinating government activities in borrowing funds in the domestic and international capital markets, as well as actively managing the government’s debt portfolio. Phakamani’s responsibilities at Treasury include the financial oversight and restructuring of of state-owned entities. Furthermore, he responsible for the South Africa government’s financial operations, and debt and strategy and risk management.
Lunch Spot: Pride of India, Pretoria