114 officials take early retirement from SARB

An offer of an early retirement package from the South African Reserve Bank has met with 114 acceptances from officials over the age 50. The governor, Tito Mboweni, made the announcement of the measure, aimed at saving money, at the bank's AGM in Pretoria, reports SABC.

Staff and operational costs had been thoroughly scrutinised in the past year in a bid to cut costs. This had led to a moratorium on new appointments since August last year. "Moreover, voluntary early retirement packages were a

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