Sarb governor Gill Marcus to step down

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Gill Marcus

Gill Marcus, governor of the South African Reserve Bank (Sarb), said today she will leave the central bank when her five-year term expires in November.

Marcus unveiled the move, which surprised many commentators, at a press conference in Pretoria following Sarb's decision to leave interest rates unchanged at 5.75%.

The rand fell to almost 11.1 to the US dollar, its weakest level since Feburary.

Her predcessor, Tito Titus Mboweni, who served for two five-year terms, said it was up to South Africa

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