Simon Nare
South Africa’s revered development financier Monale Ratsoma has been appointed as Brics’ New Development Bank Vice-President and Chief Financial Officer.
Finance Minister Enoch Godongwana announced Ratsoma’s appointment on Monday and said he will be taking up his position at the bank’s headquarters in the Chinese City of Shanghai starting on Monday.
Ratsoma has since April 2008, been serving as the bank’s African Regional Office until his recent promotion where he will be responsible for the treasury, portfolio management, finance and accounting functions of the bank.
The NDB is a multilateral institution established by the bloc members Brazil, Russia, India, China and South Africa to prioritise the financing of infrastructure and development projects of member countries as well as other emerging economies and developing countries.
Godongwana said he was pleased with the appointment of Ratsoma who he said was picked ahead of a pack after a rigorous interview process
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