Reserve Bank deputy head Daniel Mminele to retire

Daniel Mminele, Deputy governor of the Reserve Bank. (Who's who)
Daniel Mminele, Deputy governor of the Reserve Bank. (Who's who)

The South African Reserve Bank announced on Thursday that its Deputy Governor, Daniel Mminele, will be retiring when his second five-year term ends on June 30.

"Mr Mminele has advised President Cyril Ramaphosa and the Board of Directors of the SARB that he has decided not to serve another term," said the central bank in an note. 

"The SARB takes this opportunity to thank Mr Mminele for his dedicated service, commitment and significant contribution to the work of the SARB and wishes him well for the future."

In a message to staff, SARB Governor Lesetja Kganyago said Mminele has left an "indelible mark on this fine institution and his contribution to the bank has been invaluable and immeasurable.”

The bank said its board has been in communication with President Cyril Ramaphosa and the minister of finance regarding the process to announce a successor.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
ZAR/USD
15.36
(-0.02)
ZAR/GBP
20.49
(+0.02)
ZAR/EUR
18.23
(-0.10)
ZAR/AUD
11.28
(-0.56)
ZAR/JPY
0.15
(+0.04)
Gold
1813.20
(-1.20)
Silver
23.28
(-1.04)
Platinum
926.81
(+0.04)
Brent Crude
45.51
(+2.15)
Palladium
2333.50
(-0.29)
All Share
57684.64
(+0.94)
Top 40
52985.95
(+0.97)
Financial 15
11542.34
(+1.80)
Industrial 25
80370.73
(+0.57)
Resource 10
52390.81
(+1.20)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
22% - 317 votes
No, I did not.
51% - 744 votes
My landlord refused
27% - 400 votes
Vote