Gill Marcus is ‘a remarkable and attuned leader’

2014-09-22 14:06

Outgoing South African Reserve Bank Governor Gill Marcus is a remarkable leader, says the Black Management Forum.

“Her leadership is demonstrated by how she has managed to build an amazing pipeline of talent and a truly professional team. She is indeed a remarkable and attuned leader,” the forum said today.

“When the history of this country is written, her name will loom large and the BMF wishes her all of the very best in her next phase of the struggle and her continued enormous contribution.”

On Thursday, Marcus announced she would step down on November 8, at the end of her five-year term.

She made the announcement in Pretoria after a briefing on the monetary policy committee’s repo rate decision.

“This is my last monetary policy committee,” said Marcus at the time.

Marcus’s stewardship of the bank and decisions taken by her and her team during critical times had yet to be fully appreciated, said the forum.

“In all our engagements and interfaces with her and her team, she was always accessible, in time, on point, effective and efficient,” it said.

“The BMF also applauds her for all that she has done to increase transparency of the reserve bank.”

On Thursday, President Jacob Zuma extended his gratitude to Marcus.

“We wish to thank the governor for her excellent service and leadership,” said Zuma.

“She has steered the bank during the difficult periods of the global economic and financial recession and ensured the achievement and maintenance of stability.”

Zuma said government valued Marcus’s contribution and wished her all the best in her future endeavours.

Zuma’s office said he would announce the new governor in due course.

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