Sarb governor Marcus stepping down

Sep 18 2014 15:55
Reuters with Fin24

SA Reserve Bank governor Gill Marcus. (Supplied)

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Cape Town - South African Reserve Bank (Sarb) governor Gill Marcus said on Thursday that she will stand down on November 8 when her five-year term ends.

Marcus, who guided South Africa through a turbulent five years since the global financial crisis, told a news conference at the end of a Monetary Policy Committee (MPC) meeting, that she has notified President Jacob Zuma about her decision.

"This is my last MPC. I have advised the president some time ago that I would not be available for renewal," she said, according to Reuters.

"I think the bank has an outstanding team of leadership, both in the executive, monetary policy, leadership, management of the bank.

"Therefore, I'm quite comfortable saying that I'm very happy that whoever the president chooses to succeed as the next governor will continue with the strength of this institution and do an excellent job."

- Fin24

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sarb  |  gill marcus  |  interest rates



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