Zuma names Mminele as new SARB deputy

Daniel Mminele will become a deputy governor at the South African Reserve Bank at the beginning of next month.

Mminele has been at the central bank for almost a decade and has headed the markets department since August 2005. He is already a member of the Reserve Bank's Monetary Policy Committee.

Between 2003 and 2005, he headed the financial markets department and in the two years before that, the international banking department.

Mminele joined the central bank in September 1999 after a 12-y