Reserve Bank deputy re-appointed

President Jacob Zuma has re-appointed Francois Groepe as the Deputy Governor of the South African Reserve Bank for a period of five years with effect from 1 January 2017.

Groepe was first appointed Deputy Governor of the South African Reserve Bank in January 2012 for a five year term ending on 31 December 2016.

"The President has wished the Deputy Governor all the best in this continuation of his tasks," the Presidency said.

His involvement at the South African Reserve Bank dates back to July 2004 when he was appointed as a Non-Executive Director.

Groepe is currently the Chairperson of both the South African Bank Note Company and the South African Mint Company (SA Mint), subsidiaries of the South African Reserve Bank that produce the country's currency as well as currencies of other countries.

Source: South African Government News Agency.

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