Economist: Forecasting at National Treasury

Purpose of the Role

• To assist with the provision of quarterly forecasts of the South African economy over the MTEF period and maintain the National Treasury Quarterly Model (QMOD) for sound policy analysis and advice to stakeholders.

Qualification/s Requirements

• A Grade 12 is required, coupled with a minimum National Diploma (equivalent to NQF 6) or Bachelor’s degree (equivalent to NQF 7) in Economics or Mathematics or Statistics or Econometrics,
• A minimum 3 years’ experience obtained within an economic modelling environment.

Key Performance Areas
Quarterly Forecasts over the MTEF: 

• Assist with the compilation of a pre-determined forecast model based on the performance of the South African economy,
• Draft forecasting explanatory memoranda to debrief stakeholders on the main aspects of the economic projection,
• Assist in providing different simulations on forecasts on economic growth and tax related models based on the revenue expectations for a specific financial year.

Maintain Economic Models: 

• Assist with the updating of economic models,
• Assist with the development of new models in alignment with policy and related needs,
• Consult stakeholders on new initiatives on the maintenance of models.

 Policy Analysis and Development: 

• Provide theoretically sound and well researched reports and memos that link model outcomes to specific policy questions,
• Develop presentations and engage stakeholders,
• Inform internal and external stakeholders on new developments in impacting on the economic modelling world and illustrate their usage.

Stakeholder Engagement and Research: 

• Engage clients on new developments pertaining to projection tools impact the SA economy,
• Initiate research and engage with international recognised institutions on latest trends pertaining to model development.

Closing Date: 10 November 2025