Parliament, Friday, 15 March 2024 – The Chairperson of the Standing Committee on Finance, Mr Joe Maswanganyi, has welcomed President Cyril Ramaphosa’s reappointment of Mr Lesetja Kganyago as the Governor of the South African Reserve Bank (SARB) and Ms Nomfundo Tshazibana, as well as Dr Rashad Cassim as Deputy Governors.
The President has also appointed Dr Mampho Modise as the Deputy Governor of the SARB to fill a vacancy that was created by Mr Kuben Naidoo’s resignation late last year. Dr Modise’s five-year term will begin on 1 April 2024.
Mr Maswanganyi believes that the reappointment of Mr Kganyago, Ms Tshazibana and Dr Cassim not only resembles a vote of confidence from the President but also ensures knowledge management and leadership continuity within the Bank. He is confident that Dr Modise will add immense value to the institution.
The SARB is the country’s central bank in terms of Section 223 of the Constitution of the Republic of South Africa and its primary object is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic. Although it performs its functions independently and without fear, favour or prejudice, the SARB accounts to Parliament through the Standing Committee on Finance.
Lastly, Mr Maswanganyi said: “We urge the leadership of the SARB to continue to work tirelessly in rebuilding the South African economy to create a better life for all.”
ISSUED BY THE PARLIAMENTARY COMMUNICATION SERVICES ON BEHALF OF THE CHAIRPERSON OF THE STANDING COMMITTEE ON FINANCE, MR JOE MASWANGANYI.
For media inquiries or interviews with the Chairperson, please contact the committee’s Media Officer:
Name: Mr Justice Molafo
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Cell: 081 424 748
Email: jmolafo@parliament.gov.za
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