1 minute read
6 Oct 2014
10:29 am

Lesetja Kganyago announced as new Reserve Bank governor

Lesetja Kganyago has officially been appointed as successor to outgoing SA Reserve Bank governor Gill Marcus.

Lesetja Kganyago is congratulated by outgoing SA Reserve Bank governer Gill Marcus (R) after it was announced by President Jacob Zuma (L) that he will become the new SA Reserve Bank governor in Pretoria on Monday, 6 October 2014. He will take over from her on November 9. Picture: GCIS/SAPA

Kganyago’s appointment was announced by President Jacob Zuma, flanked by Finance Minister Nhlanhla Nene, at a media briefing at the Union Buildings in Pretoria on Monday.

He was one of two of Marcus’s deputies, alongside Daniel Mminele.

Kganyago was expected to take over from Marcus next month. She would step down in November, at the end of her five-year term.

Kganyago would assume his duties on November 9.

Gill Marcus congratulates Lesetja Kganyago

Outgoing SA Reserve Bank governor Gill Marcus on Monday graciously congratulated her successor, Lesetja Kganyago.

She embraced Kganyago following an announcement by President Jacob Zuma that he would take over from her on November 9.

“It is my pleasure today to announce my decision to appoint Mr Lesetja Kganyago,” Zuma said at the Union Buildings in Pretoria.

Kganyago is one of two of Marcus’s deputies, alongside Daniel Mminele.

Marcus thanked Zuma for choosing her successor from within the bank.

“It is a reflection… of the choice we have… in the bank,” she said, adding that she wished him well.

“You’re going to have an amazing experience and you have a wonderful team to work with,” said Marcus.

Kganyago spoke highly of Marcus, describing her as a matriarch. He vowed to serve the country well.

“I’ve got no doubt that eyes will be on me and I want to say, I will not disappoint,” he said.

Sapa