SOAS University of London

SOAS alumnus appointed as new Governor of the Reserve Bank of South Africa

8 October 2014

SOAS alumnus Lesetja Kganyago has been has been appointed as the next governor of the South African Reserve Bank. Mr Kganyago, 48, attended SOAS in the 1993/94 academic year, successfully completing an MSc in Development Economics under a scheme funded by the Department for International Development (DFID).

South African President Jacob Zuma named Mr Kganyago as the new Governor at a press briefing in Pretoria on Monday 6 October. He will take up his new position on 9 November, replacing previous Governor Gill Marcus who is retiring.

Laurence Harris, Professor of Economics and a former teacher of Mr Kganyago, said: “Lesetja joined us as one of a group of young ANC economists sent to SOAS for advanced studies in economic analysis in preparation for South Africa's 1994 transition to democracy. Many from this group, and especially Lesetja, have gone on to hold high public positions. Lesetja’s twenty years as a leading economist in public service have engendered the respect and trust, in South Africa and internationally, that will serve the country well. While carrying the burdens of office, with responsibilities for implementing both fiscal and monetary policy, Lesetja has retained the spirit of his days at SOAS and maintained his fondness for both SOAS and English football.”

More information on Lesteja’s appointment can be read here.