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Johannesburg - President Jacob Zuma has, in terms
of Section 4(1) (a) of the South African Reserve Bank Act, 1989
appointed Francois Groepe as Deputy Governor of the South African
Reserve Bank (Sarb).
The appointment is for a five year term, with effect from January 1, 2012, the presidency said in a statement on Monday.
Groepe has extensive financial and managerial experience, holding the position as CEO of Media 24's Newspaper Division as well as the position of Financial Director.
According to the statement, Groepe held a BCom (Hons), MBA and LLB degrees, as well as a Postgraduate Diploma in Tax Law.
"Mr Groepe will be joining Governor Gill Marcus and Deputy Governors Daniel Mminele and Lesetja Kganyago, becoming the third Deputy Governor of the SARB," the presidency said.
"President Zuma has congratulated Groepe and wishes him success in his new position," it added.
The appointment is for a five year term, with effect from January 1, 2012, the presidency said in a statement on Monday.
Groepe has extensive financial and managerial experience, holding the position as CEO of Media 24's Newspaper Division as well as the position of Financial Director.
According to the statement, Groepe held a BCom (Hons), MBA and LLB degrees, as well as a Postgraduate Diploma in Tax Law.
"Mr Groepe will be joining Governor Gill Marcus and Deputy Governors Daniel Mminele and Lesetja Kganyago, becoming the third Deputy Governor of the SARB," the presidency said.
"President Zuma has congratulated Groepe and wishes him success in his new position," it added.
