President Cyril Ramaphosa has signed an order reappointing Lesetja Kganyago as the governor of the South African Reserve Bank. According to the statement issued by the Ministry of Finance on Wednesday, the official will work at the post for five years starting from November 9, 2019.
Besides Kganyago, the first citizen has also appointed Fundi Tshazibana and Rashad Cassim as the deputies. Both of the specialists previously showed their in-depth knowledge of the economic sphere and its current state in the country.
Finance Minister Tito Mboweni has welcomed the recent changes:
“We congratulate the appointees and look forward to working with them. We need not remind them of the tough economic and fiscal circumstances facing South Africa at the current moment.
“They have my full support and confidence that they will take South Africa forward as we move to bring development to our people.”