SOUTH AFRICAN RESERVE BANK GOVENOR NAMED 2018 CENTRAL BANKING GOVERNOR OF THE YEAR

PRETORIA– President Jacob Zuma has congratulated the Governor of the South African Reserve Bank (SARB), Lesetja Kganyago, for winning Central Banking Publications’ Governor of the Year 2018 award.

The award from the London-based publication celebrates the officials who have best managed to stimulate growth and stabilise their economy.

In announcing the award on Wednesday, Central Banking said: Kganyago has defended and enhanced the SARB’s reputation as an independent and well-governed institution against all threats, despite a turbulent political and economic backdrop.”

We congratulate Governor Kganyago for this award. This international recognition is one of many acknowledgements affirming the good work done by the institution, said President Zuma.

Kganyago said the award was an honour. However, he said the award did not belong to him, but to his colleagues at the SARB and South Africans who had entrusted the SARB with the primary task of defending them against inflation.

South Africans have also deemed it proper that their defender should be free from interference, or influence, by politicians or business interests. It is against this background that we shall continue to protect the independence of the SARB and we shall do so by drawing strength from fellow South Africans whose long-term interest informs our actions, said Kganyago.

Kganyago was also recently appointed as the new chairperson of the International Monetary Fund’s (IMF) International Monetary and Financial Committee (IMFC), the primary advisory body of the IMF Board of Governors, which deliberates on the principal policy issues facing the IMF.

The 24-member IMFC selected Kganyago for a term of three years, effective January 2018.

Source: NAM NEWS NETWORK