Carol Paton Writer at Large

With the departure of the esteemed Daniel Mminele from the Reserve Bank at the end of June, where he has been a deputy governor for 10 years, there is now a large hole at the top of bank. 

It would be normal to expect that when a deputy governor steps down or his or her term ends that the president, who appoints the deputy governors on the advice of the finance minister, would announce a replacement. But both President Cyril Ramaphosa and Tito Mboweni were en route to Osaka when the Mminele announcement was made and there is no timeline from Ramaphosa’s office on when it will be made.

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