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New central bank governor for South Africa

img_2060Lesetja Kganyago is the new governor of Reserve Bank of South Africa. The London School of Economics and the University of London alumnus will become the country’s third governor since 1994. Kganyago replaces Gill Marcus, who is retiring in November. Kganyago had served as Marcus’ deputy before his appointment, where he managed the banking supervision and financial surveillance sectors. He has worked in the country’s public service since 1996, beginning his career in the national treasury and has an extensive background with the country’s trade unions.

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