People: Former Sarb deputy takes over state pension fund; Somali governor confirmed

Renosi Mokate

South Africa: Renosi Mokate, a former South African Reserve Bank (Sarb) deputy governor, was appointed chairwoman of the Government Employee's Pension Fund (GEPF), South Africa's largest institutional investor with approximately 1.2 trillion rand ($113 billion) in assets under management.

Mokate, who is the executive director and CEO of the University of South Africa's Graduate School of Business Leadership, was appointed to the Sarb by president Thabo Mbeki in 2005 and served a five-year term.

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