Lesetja Kganyago re-appointed as Reserve Bank governor

President Cyril Ramaphosa has re-appointed Lesetja Kganyago as governor of the SA Reserve Bank.

Kganyago’s current term expires on November 8 and his new five-year term will begin immediately thereafter, the National Treasury said in a statement on Wednesday.

Ramaphosa made the decision after consulting with finance minister Tito Mboweni and the board of directors of the bank.

He appointed Fundi Tshazibana and Rashad Cassim as deputy governors of the bank for five years each, effective August 1.

Both are currently employed at the bank, Tshazibana as adviser to the governors, and Cassim as head of economic research and statistics.

“We congratulate the appointees and look forward to working with them. We need not remind them of the tough economic and fiscal circumstances facing SA at the moment,” Mboweni said in the statement. 

“They have my full support and confidence that they will take SA forward as we move to bring development to our people.” 

- BusinessLIVE

Listen to the latest episode of Sunday Times Politics Weekly

Malema’s sex statements and the Waterkloof fall guy

For more episodes, click here.

Subscribe: iono.fm | Spotify | Apple Podcast | Pocket Casts | Player.fm