President Cyril Ramaphosa has appointed Fundi Tshazibana and Dr Rashad Cassim as deputy governors of the Reserve Bank. The appointments address two vacancies that had arisen as a result of the resignation in January 2019 of Deputy Governor Francois Groepe and the expiry of Deputy Governor Daniel Mminele's term at the end of June 2019.
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Tshazibana is currently an advisor to the governor and deputy governors of the Bank. She holds a Master of Commerce (economics), and has worked in various institutions including Research Surveys, the National Electricity Regulator, National Treasury, and the International Monetary Fund.
Cassim is currently head of economic research and statistics at the Reserve Bank. He holds a PhD in economics. He has worked at various institutions including the University of Cape Town, Trade and Industrial Policy Strategies, the University of the Witwatersrand and Statistics South Africa.
“Ramaphosa appointed the deputy governors in terms of Section 4(1) (a), read with Section 5(1) (a), of the South African Reserve Bank Act (Act 90 of 1989),” said the Presidency. They will assume their five-year terms on 1 August 2019.
Lesetja Kganyago was reappointed as governor of the central bank for a period of five years with effect from 9 November 2019.
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