Lesetja Kganyago News

Brian Molefe, the newly appointed acting chief executive officer of power utility Eskom Holdings SOC Ltd., is a former senior Treasury official. Source: Transnet SOC Ltd./Eskom Holdings SOC Ltd. via Bloomberg

South Africa Treasury ex-officials soothe investors in new roles

South Africa is increasingly turning to National Treasury officials from the country’s first decade of democratic rule to help steer key economic institutions and boost investor confidence.

Kuben Naidoo has been named Deputy Governor of the South African Reserve Bank effective April 1st, 2014.

Kuben Naidoo named Deputy Governor of South African Reserve Bank

South African President Jacob Zuma appointed Kuben Naidoo, an adviser to Reserve Bank Governor Lesetja Kganyago, as deputy of the central bank from April 1.

Sizwe Nxasana, CEO, FirstRand

African Bank not a proxy for South Africa's banking industry: Sizwe Nxasana, CEO, FirstRand

FirstRand Ltd. (FSR), Africa’s biggest bank by market value, said unsecured lending was the least of its issues and criticized ratings companies for seeing failed African Bank Investment Ltd. as a proxy for the industry.

Lesetja Kganyago, Deputy Governor of the South African Reserve Bank

Lesetja Kganyago appointed new governor of South African Reserve Bank (SARB)

The South African rand has been on the up all day.