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May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a sizeable reduction in the local petrol price is expected, says governor Gill Marcus.
May 24 2012 15:29
The Reserve Bank will maintain current interest rates, says governor Gill Marcus.
May 23 2012 22:00
Economic liberation or the lack thereof is the most divisive issue in the country, according to a survey.
Johannesburg - Charles Pillai will become the new Pension Funds Adjudicator
(PFA), the ministry of finance said on Wednesday.
This followed Finance Minister Pravin Gordhan's approval of the
recommendation of the Financial Services Board (FSB) on Pillai's
appointment.
In a statement, the ministry said Pillai would take on the
position on April 1 2010 for three years.
Pillai currently serves as Financial Advisory and Intermediary
Services (Fais) Ombud.
"He will take over from the acting PFA Dr Elmarie De la Rey, who
served in this position for the past six months following the
resignation of Ms Mamodupi Mohlala to take up the post of director
general in the department of communications," the ministry said.
The board of the FSB has also appointed Noluntu Bam to succeed
Pillai as Fais Ombud, effective from March 1 2010 for three years.
Bam had served as deputy Fais Ombud for the last six years.
Pillai became the country's first Fais Ombud in 2003.
"His dedication and commitment contributed significantly to
building the office and upholding the objectives of consumer
protection and the integrity of the financial services industry.
"He brings with him a sound understanding of approaches to
dispute resolution," the ministry said.
- Sapa