New deputy governor for the South African Reserve Bank

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Lesetja Kganyago, the director-general of the South African National Treasury, has been appointed as the deputy governor of the South African Reserve Bank.

President Jacob Zuma announced on Friday that Kganyago will join the Bank on May 16.

"Kganyago is very well-known by investors; this is a solid appointment," Razia Kahn, regional head of research, Africa, at Standard Chartered, told CentralBanking.com. "He has been a key player in everything the Treasury has done and has been instrumental in

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