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SARB Executive and Committees
Since 1921, the SARB has been served by 10 governors. The Governor also acts as the Chairperson of the Monetary Policy Committee, Financial Stability Committee, Prudential Committee and Governors’ Executive Committee. All Deputy Governors also sit on these committees.
Mr E L (Lesetja) Kganyago
Governor
Ms Nomfundo (Fundi) Tshazibana
Deputy Governor and
CEO: Prudential Authority
Dr R (Rashad) Cassim
Deputy Governor
Dr M (Mampho) Modise
Deputy Governor
The GEC is responsible for day-to-day decision making at the SARB.
Its members are as follows:
Click here for the GEC members' biographies.
Mr E L (Lesetja) Kganyago
Governor
Dr R (Rashad) Cassim
Deputy Governor
Ms Nomfundo (Fundi) Tshazibana
Deputy Governor and
CEO: Prudential Authority
Dr M (Mampho) Modise
Deputy Governor
Mr Mogam Pillay
Group Executive: Currency Management
Ms Rebecca Tee
General Counsel
Mr Pradeep Maharaj
Chief Operating Officer
The Monetary Policy Committee (MPC) is responsible for deciding on the appropriate monetary policy stance. The MPC meetings are chaired by the Governor of the Bank. It currently consists of five members of the Bank: the Governor, three Deputy Governors and one senior official of the Bank.
Its members are as follows:
Click here for the Monetary Policy Committee members' biographies
Mr E L (Lesetja) Kganyago
Governor
Dr R (Rashad) Cassim
Deputy Governor
Ms Nomfundo (Fundi) Tshazibana
Deputy Governor and
CEO: Prudential Authority
Dr M (Mampho) Modise
Deputy Governor
Dr C (Chris) Loewald
Head: Economic Research Department
Dr David Fowkes
Adviser to the Governors
The Prudential Committee oversees the management and administration of the Prudential Authority (PA) to ensure that it is efficient and effective. It acts on behalf of the PA by:
Its members are as follows:
Click here for the Prudential Committee members' biographies.
Mr E L (Lesetja) Kganyago
Governor and Chairperson
Ms Nomfundo (Fundi) Tshazibana
Deputy Governor and
CEO: Prudential Authority
Dr R (Rashad) Cassim
Deputy Governor
Dr M (Mampho) Modise
Deputy Governor
Mr Denzel Bostander
HOD: Financial Conglomerate Supervision
Mr Faizel Jeena
HOD: Risk Support
Mr Kerwin Martin
HOD: Banking and Insurance
Olaotse Matshane
HOD: Policy, Statistics and Industry Support
Ms Bonisile Ntutela
Divisional Head: Policy, Statistics and Industry Support Department
The main function of the Financial Stability Committee is to consider periodic conjunctural and cyclical assessments of risks to the broad financial system, and to consider, initiate and monitor possible steps to mitigate them. Another logical function of the committee is to consider periodic qualitative assessments of the financial system’s inherent strength against objective standards such as the Financial Stability Board’s (FSB) “Twelve Standards” framework, and against the generic objectives of stability, efficiency and fairness. In late 2010, the SARB decided to elevate and reconstitute its Financial Stability Committee to a level equal to and alternating with the Monetary Policy Committee meetings.
Its members are as follows:
Click here for the Financial Stability Committee members' biographies.
Mr E L (Lesetja) Kganyago
Governor and Chairperson
Ms Nomfundo (Fundi) Tshazibana
Deputy Governor and
CEO: Prudential Authority
Dr R (Rashad) Cassim
Deputy Governor
Dr M (Mampho) Modise
Deputy Governor
Dr Chris Loewald
Head: Economic Research Department
Dr Nicola Brink
Head: Financial Stability Department
Mr Tim Masela
Head: National Payment System Department
Mr Charles Nevhutanda
Acting Head: Financial Surveillance Department
Ms Olaotse Matshane
Head: Policy, Statistics and Industry Support Department
Mr Denzel Bostander
Head: Financial Conglomerate Supervision Department
Mr Faizel Jeena
Head: Risk Support Department
Mr Kerwin Martin
Head: Banking, Insurance and FMI Supervision Department
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