Deputy Governor Dr Renosi Mokate's five-year term of office with the South African Reserve Bank expires on 31 July 2010. By mutual agreement, and following the due process of consultation between the board and the President, Dr Mokate will not renew her contract. The President will, in due course, advise the bank as to who he has decided to appoint as the next Deputy Governor.
The South African Reserve Bank takes this opportunity to thank Dr Mokate for her contribution to the work of the bank, the South African Bank Note Company and the South African Mint. As chairperson of the subsidiaries, and member of the Governor's Executive Committee (GEC) and the Monetary Policy Committee Dr Mokate exercised her responsibilities with professionalism and commitment, Dr Mokate will serve a three month cooling off period until end October 2010. We wish her well in the next challenge she chooses to embark on.
For further information contact:
Hlengani Mathebula
Tel: 012 313 4210
Cell: 082 448 9219
Source: South African Reserve Bank
