South Africa: Lesetja Kganyago Appointed New SA Reserve Bank Governor

Lesetja Kganyago will take over as the new South African Reserve Bank (Sarb) governor when Gill Marcus's current five-year term ends on 8 November 2014.

Kganyago is currently the deputy Sarb governor, having served in the position since 16 May 2011. Accepting his appointment at the Union Buildings in Pretoria on Monday, 6 October, Kganyago said he is humbled and honoured that the leadership of South Africa has seen him suitable for the position. “I shall not disappoint,” he said.

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