President Cyril Ramaphosa has ended uncertainty around the leadership of the SA Reserve Bank, reappointing Lesetja Kganyago as governor for another five-year term and filling the two vacant deputy positions with insiders.

In contrast to the tardy way the government dealt with replacing deputy governor Francois Groupe, who resigned in January, and deputy governor Daniel Mminele, who left at the end of June, Kganyago’s appointment came four months before his term was due to end.

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