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Nomvuyo Guma

  • Position: Director

Nomvuyo Guma is the Chief Director for Microeconomic Policy at the National Treasury, managing a team of 10 Economists, responsible for sectoral policy analysis, structural reforms, and green economy issues, as well as the Co-Head of Operation Vulindlela (OV). OV is a joint initiative between the Presidency and the National Treasury to accelerate the implementation of priority structural reforms.

Ms. Guma is an economist with over 16 years of experience in economics, applied microeconomics, strategy, and policy development in both the public and private sectors. She holds a Bachelor of Business Science degree in Economics, from the University of Cape Town and a Master’s degree in Economic Development and Policy Issues from the University of Johannesburg.


Prior to joining the National Treasury in 2014 she worked in the banking sector, providing economic research, commentary and strategy. Since joining the National Treasury as a Director: Microeconomic Policy Ms. Guma has helped to develop National Treasury policy positions on key policy issues and led the work on Treasury’s economic reform paper titled Economic transformation, inclusive growth, and competitiveness: a contribution towards a growth agenda for the South African economy, as well as on the modelling of government’s Economic Recovery and Reconstruction Programme (ERRP). Ms. Guma also represents the National Treasury on the board of the Youth Employment Service (YES).