He was appointed as the Eighth Governor of the South African Reserve Bank in 1999. In this role he introduced inflation targeting and presided over the first monetary policy committee meetings.

The South African Reserve Bank cut its main repo rate by 25 basis points to 7.25% on Thursday, as tensions with the U.S. continue amid ongoing global uncertainty.

Reuters. FILE PHOTO: South African Reserve Bank Governor Lesetja Kganyago attends the inauguration ceremony of South Africa's president-elect Cyril Ramaphosa at the Union Buildings in Pretoria ...

Inflation in South Africa is expected to average 5% this year and around 4.5% in 2025, South African Reserve Bank (SARB) governor Lesetja Kganyago said on Wednesday.

Kuben Naidoo, who resigned as a deputy governor of the South African Reserve Bank last year, said he has joined Investec Ltd. Skip to content.

The South African Reserve Bank on Thursday raised its main repo rate to 8.25% from 7.75% in an effort to keep inflation in check amid a persistent electricity crisis, a weakening currency and ...

JOHANNESBURG—The South African Reserve Bank on Thursday maintained its main repo rate at 8.25% in an effort to keep inflation in check amid disappointing economic performance.

Mboweni could not move directly into the position as governor, as section 4(2)(a) of the South African Reserve Bank Act states that the “governor shall be a person of tested banking experience”.

South African Reserve Bank Governor Lesetja Kganyago said inflation could fall below 4% in coming months, creating more room for action after officials cut interest rates in September.

Below are some quotes from South African Reserve Bank Governor Lesetja Kganyago on Thursday as he announced the central bank's decision to raise its main lending rate by 50 basis points to 8.25%.

South African Reserve Bank Governor Lesetja Kganyago attends the inauguration ceremony of South Africa's president-elect Cyril Ramaphosa at the Union Buildings in Pretoria, South Africa, June 19 ...