LESETJA KGANYAGO APPOINTED IMF INTERNATIONAL MONETARY AND FINANCIAL COMMITTEE CHAIR

Publication Date: 19/01/2018

19 January 2018

We welcome the appointment of South African Reserve Bank governor Lesetja Kganyago as chair of the International Monetary and Financial Committee of the International Monetary Fund.

His appointment underlines the confidence that global bodies and the financial community have in the South African financial industry, underpinned by our sound banking sector.

We believe the selection of Mr Kganyago to lead a committee of a global multilateral body like the IMF is indicative of a renewed faith in our institutions and their reliability in supporting our economy as a growth-friendly investment destination

The new role is also an endorsement of the South African regulatory environment, and the effectiveness with which Mr Kganyago has discharged his role at the Reserve Bank and delivered on its mandate.

We wish him all success in his new role.