Economics
Ramaphosa Opts for Continuity at Central Bank as Kganyago Stays
- Tshazibana, Cassim named as new Reserve Bank deputy governors
- Kganyago’s appointment comes four months before term ends
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South African President Cyril Ramaphosa has reappointed Lesetja Kganyago as governor of the Reserve Bank and named two deputies from his existing team, ending uncertainty about the top management at one of the nation’s key economic institutions.
Kganyago will serve another five years after his first term ends in November, the Ministry of Finance said in an emailed statement Wednesday. Ramaphosa also appointed Monetary Policy Committee members Fundi Tshazibana, who served as an adviser to Kganyago, and Rashad Cassim, the institution’s head of research, as deputy governors from August.