Johnathan Paoli
President Cyril Ramaphosa has announced the reappointment of Lesetja Kganyago as the Governor of the South African Reserve Bank.
The Presidency issued a statement on Friday and said that in accordance with section 4(1)(a) read with section 5(1)(a) of the South African Reserve Bank act of 1989, in conjunction with the Minister of Finance Enoch Godongwana and the board of directors, the reappointment of Kganyago would ensure continuity and institutional stability at the reserve bank.
The President reappointed Nomfundo Tshazibana and Rasha Cassim as Deputy Governors for a period of five years, effective from August this year. He also appointed Dr Mampho Modise to replace the former Deputy Governor Kuben Naidoo who ended his term of office last year.
Ramaphosa expressed his gratitude to Naidoo for his contribution to the Reserve Bank and wished Modise well in her new role.
Modise is currently the Deputy Director-General for Public
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