National Treasury deputy DG Mampho Modise's appointment as the new Reserve Bank deputy governor starts from 1 April.
Deputy director-general of the National Treasury, Mampho Modise, is the new deputy governor of the South African Reserve Bank. Image: LinkedIn
Meanwhile, Lesetja Kganyago has been reappointed as Governor of the South African Reserve Bank for five years, effective from 9 November this year.His reappointment will ensure “continuity and institutional stability at the reserve bank,” said Vincent Magwenya, the President’s spokesperson. “Dr Modise left the SARB in 2009 to join the National Treasury, where she started as a senior economist in the Economic Policy division. She was soon promoted to Director of Fiscal Policy, then to the Chief Director of Strategy and Risk Management in the Asset and Liability Management division of the NT.” Magwenya said.SARB CRITICISED FOR RAISING INTEREST RATES TO FIGHT INFLATION
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