Lesetja Kganyago

Lesetja Kganyago
Born Lesetja Kganyago
(1965-10-07) 7 October 1965
Boyne, Limpopo, South Africa
Alma mater University of South Africa
(Bachelor of Commerce)
SOAS, University of London
(Master of Science in Economics)
Occupation Banker
Years active 1994–present
Home town Johannesburg
Office Governor of the South African Reserve Bank
Predecessor Gill Marcus
Spouse(s) Zibusiso Kganyago

Lesetja Kganyago (born 7 October 1965) is a South African economist and central banker. He is the Governor of the South African Reserve Bank (SARB).[1] He was appointed to that post on 6 October 2014, by Jacob Zuma, the former President of the Republic of South Africa (RSA).[2] He assumed the Governorship of the Reserve Bank of South Africa on 9 November 2014, following the expiry of the term of his predecessor Gill Marcus, on 8 November 2014.[3]

Background and education

He was born in moletji ga Maribana, Limpopo on 7 October 1965. He moved to Johannesburg with his mother, at the age of 18. For several semesters, he attended University of the Witwatersrand, but left before graduating. He completed his studies at the University of South Africa, in 1991, earning the degree of Bachelor of Commerce (BCom). He also holds the degree of Master of Science in Development Economics, from SOAS, University of London, obtained in 1994.[4] [5] He also holds numerous certificates, and diplomas in management, economics and finance from Internationally recognized institutions, including the Wits Business School and Harvard University.[6]

Work history

Beginning in 1996 until 1998, he served as the Director of the South African National Treasury. From 1998 until January 2004, he served as the Chief Director: Liability of the National Treasury. From January 2005 until May 2011, he was the Director-General of the National Treasury of South Africa.[7]

In 2011, he was appointed Deputy Governor of the South African Reserve Bank, serving in that capacity from May 2011 until November 2014. Two other individuals served concurrently with him, at Deputy Governor level. On 9 November 2014, he became Governor of the South African Reserve Bank, replacing the former Governor.[7]

Lesetja Kganyago received the 2018 Governor of the Year award at the 5th annual Central Banking Awards ceremony.[8]

At the beginning of 2018, Governor Kganyago was elected Chairman of the International Monetary and Financial Committee (IMFC), the policy advisory committee of the Board of Governors of the International Monetary Fund (IMF) for a term of three years, effective 18 January 2018.[9]

See also

References

  1. ↑ SARB, . (2014). "About South African Reserve Bank". South African Reserve Bank (SARB). Retrieved 6 March 2015.
  2. ↑ Marrian, Natasha (6 October 2014). "Lesetja Kganyago Appointed New Governor of Reserve Bank". Business Day (South Africa). Retrieved 4 November 2014.
  3. ↑ SAGN, . (6 October 2014). "South Africa: New South Africa Reserve Bank Governor Promises Continuity". South Africa Government News (SAGN) via AllAfrica.com. Retrieved 3 November 2014.
  4. ↑ SOAS, University of London (8 October 2014). "SOAS alumnus appointed as new Governor of the Reserve Bank of South Africa". SOAS, University of London. Retrieved 10 June 2015.
  5. ↑ Financial Stability Board (10 June 2018). "Lesetja Kganyago: Chair of SCSI & Governor, South African Reserve Bank". Basel, Switzerland: Financial Stability Board. Retrieved 10 June 2018.
  6. ↑ Nyanda, Sibusisiwe (6 October 2014). "Getting To Know Lesetja Kganyago". Drum.Co.Za. Retrieved 4 November 2014.
  7. 1 2 Donnelly, Lynley (6 October 2014). "Tough task awaits new Reserve Bank boss Lesetja Kganyago". Mail & Guardian. Johannesburg. Retrieved 10 June 2018.
  8. ↑ Central Banking (29 January 2018). "The winners of the 2018 Central Banking Awards". London: Centralbanking.com. Retrieved 10 June 2018.
  9. ↑ IMF (18 January 2018). "IMFC Selects South African Reserve Bank Governor Lesetja Kganyago as New Chairman". Washington, DC: International Monetary Fund (IMF). Retrieved 10 June 2018.
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