Modise, who is currently a deputy director-general in the National Treasury, will start her role on 1 April 2024 for a term of five years.
President Cyril Ramaphosa has extended the term of South African Reserve Bank governor Lesetja Kganyago for another five years from November and appointed Mampho Modise as a new deputy governor of the bank, the presidency said on Friday.
The Sarb welcomed the announcement, saying that the institution will now have a full complement of executives. Kganyago’s new term – and third five-year term – will begin on 9 November and will end on 8 November 2029.
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