Gill Marcus, a respected and experienced economic policymaker, has been named as the new governor of the South African Reserve Bank.
Marcus, who is a former deputy governor of the central bank and a former deputy finance minister, will replace Tito Mboweni, who according to the country's president, Jacob Zuma, had indicated he would like "to pursue other interests".
Mboweni, who's second term in office expires on 8 August, will remain at the helm of the central bank until November.
- Central bank digital currency a ‘terrible idea’, US Congress told
- People: Olli Rehn enters office as Bank of Finland governor
- Trump criticises Fed over rate rises and threatens higher tariffs
- ECB’s easing policies reduced inequality, paper says
- Infrastructure financing not harmed by post-crisis reforms – FSB