SA’s largest asset manager, Ninety One, says the communication around the resignation of Kuben Naidoo as deputy governor of the SA Reserve Bank and as a member of the monetary policy committee (MPC) was badly handled, causing jitters in the investor community.

“We have received quite a lot of questions from our clients on this over the past few months. The way to summarise it is as follows: we are not worried, the [Bank] is an exceptionally credible central bank and its decision making will be unchanged. We do not think monetary policy is going to skip a beat,” Peter Kent, the co-head of SA & Africa fixed income, said in a webinar held by the company on Wednesday...

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