[miningmx.com] – MARKETS reacted positively to the news that the South African government appointed economist and former director-general of the National Treasury, Lesetja Kganyago, as the country’s new Reserve Bank governor, said BDLive.
“With his experience at National Treasury and at the (Bank, he) is a reassuring choice since he represents policy continuity and technocratic governance,” Barclays Africa economist, Peter Worthington, told the publication.
The concern was that the ruling party, the African National Congress, would make a political appointment to replace current governor, Gill Marcus, who retires from the post in four weeks, BDLive said.
Peter Attard Montalto, an economist for Nomura International, said Kganyago had a “firm sense of independence, analytical mindset and strong leadership”.
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