The South African Reserve Bank (Sarb) today (September 4) announced that Monde Mnyande, the chief economist and adviser to the governor, has opted to take early retirement as of January 1, 2013.
The MPC stalwart, who has served as a member since August 2004, is currently serving a "cooling-off period", effective from September 1 to December 31, 2012, according to the central bank. No detail was given as to whether he will continue with his responsibilities at the Sarb during this period.
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