Share

Kganyago: Sarb's main job to protect the rand

Pretoria - The primary objective of the SA Reserve Bank (Sarb) is to protect the value of the rand in the interest of balanced and sustainable growth, deputy governor Lesetja Kganyago said on Monday.

"Growth can't be balanced if there are internal or external imbalances," Kganyago told a news conference after his appointment to succeed outgoing Sarb governor Gill Marcus next month.

"The primary object of Sarb is to ensure balanced and sustainable growth," said Kganyago at the media briefing.

He said he has learnt "from the best matriarch who knows where the best watering holes are".

Kganyago said he realises challenges will remain what they have been.

"I do not foresee new challenges at this point, but others might crop up," he said.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.00
-0.3%
Rand - Pound
24.08
+0.1%
Rand - Euro
20.59
-0.0%
Rand - Aus dollar
12.36
+0.5%
Rand - Yen
0.13
+0.7%
Platinum
902.95
+0.1%
Palladium
998.75
-0.7%
Gold
2,152.67
-0.4%
Silver
24.90
-0.6%
Brent Crude
86.89
+1.8%
Top 40
65,873
-0.6%
All Share
72,094
-0.5%
Resource 10
53,208
-0.2%
Industrial 25
99,450
-1.0%
Financial 15
16,627
+0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders