Johannesburg - President Jacob Zuma on Thursday extended his gratitude to outgoing SA Reserve Bank Governor Gill Marcus.
“We wish to thank the governor for her excellent service and leadership,” Zuma said in a statement.
“She has steered the bank during the difficult periods of the global economic and financial recession and ensured the achievement and maintenance of stability.”
Zuma said government valued Marcus's contribution immensely and wished her all the best in her future endeavours.
Marcus will step down on November 8, at the end of her five-year term.
She made the announcement in Pretoria on Thursday after a briefing on the monetary policy committee's repo rate decision.
“This is my last MPC,” Marcus said.
Zuma's office said he would announce the new governor in due course. - Sapa