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Kganyago Pledges Continuity at South African Central Bank

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Lesetja Kganyago, appointed as South Africa’s 10th Reserve Bank governor, has pledged to continue the policy path of predecessor Gill Marcus and pursue price and financial stability.

“It is a continuum that we have seen since Ms. Marcus arrived at the bank in 2009 and I do not have to reinvent anything, I just have to carry from where she had left,” Kganyago told reporters today in the capital, Pretoria, after President Jacob Zuma said he would replace Marcus.