Ramaphosa appoints new Reserve Bank deputy, reappoints Kganyago as governor
Reserve Bank Governor Lesetja Kganyago is to remain at the helm of the South African Reserve Bank for another five years, it was announced on Friday, while Mampho Modise was appointed as deputy governor to replace former deputy Kuben Naidoo.
Modise was appointed to her post with effect from 1 April after the end of Naidoo's term of office. She is currently the Deputy Director-General for Public Finance division in the National Treasury, having started as an intern at the SARB in 2004 and progressed upwards to become an economist at the bank. She joined National Treasury in 2009.
"She is also a competent leader and the SARB, as well as the nation as a whole, will benefit immensely from her diligence."Nomfundo Tshazibana and Rashad Ismail Cassim were reappointed as deputy governors for a five-year term starting in August 2024.
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