PRETORIA – The South African Reserve Bank (Sarb) on Wednesday welcomed President Cyril Ramaphosa's reappointment of Lesetja Kganyago as Governor of the apex bank, and the appointment of Nomfundo Tshazibana and Dr Rashad Cassim as Deputy Governors.
"President Cyril Ramaphosa today announced the re-appointment of Mr Lesetja Kganyago as Governor of the South African Reserve Bank (Sarb) for a five-year term. The President also announced the appointment of Ms Nomfundo (Fundi) Tshazibana and Dr Rashad Cassim as Deputy Governors of the SARB for a five-year term each," the central bank said in a statement.
The two positions of deputy governor became vacant following the resignation of Francois Groepe in January 2019 and, more recently, the retirement of Daniel Mminele at the end of June 2019.
"Ms Tshazibana is currently serving as an adviser to the Governors of the SARB and is a member of the Monetary Policy Committee (MPC). She is an economist with extensive experience in public policy analysis and formulation, and has worked at the National Energy Regulator of South Africa (NERSA), National Treasury, and the International Monetary Fund (IMF)," said the SARB.
At the IMF, Tshazibana was an Alternate Executive Director on the Executive Board, which runs the day-to-day operations of the IMF. Before joining the IMF, Tshazibana was head of the economic policy and forecasting division and Deputy Director-General at National Treasury, where she was responsible for macroeconomic policy, economic forecasting, and compiling the economic outlook that informed the budget preparations.