“When assessments are completed, we will send recommendations to National Treasury and they will give the final stamp of approval,” Ngubane told reporters in Johannesburg.
“It should be in early September.”
He said a number of professionals from different backgrounds had applied for the job, and a rigorous interview process was carried out. Short-listed candidates were undergoing assessments.
“It’s almost complete,” he said.
“When it’s done, we will send recommendations to Treasury.”
In December, Phakamani Hadebe stepped down as the bank’s chief executive officer.
Chief risk officer Lindiwe Mdlalose was currently acting in the post.
Hadebe was transferred from the National Treasury to the Land Bank in 2008 and subsequently appointed CEO of the bank.