Lesetja Kganyago (born 7 October 1965) is a South African economist and central banker. He is the

Governor A governor is an administrative leader and head of a polity or political region, ranking under the head of state and in some cases, such as governors-general, as the head of state's official representative. Depending on the type of political ...

of the

South African Reserve Bank The South African Reserve Bank (SARB) is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920", as a direct result of the abnormal monetary and financial condit ...

(SARB). He was appointed to that post on 6 October 2014, by Jacob Zuma, the former President of the Republic of South Africa (RSA). He assumed the Governorship of the South African Reserve Bank on 9 November 2014, following the expiry of the term of his predecessor

Gill Marcus Gill Marcus (born 10 August 1949) is a former Governor of the South African Reserve Bank, being the ninth person and the first and only woman to hold the position. Life and career Early years Marcus was born in Johannesburg, South Africa. He ...

, on 8 November 2014.

Background and education

Kganyago was born in Boyne, Limpopo on 7 October 1965. He moved to

Johannesburg Johannesburg ( , , ; Zulu and xh, eGoli ), colloquially known as Jozi, Joburg, or "The City of Gold", is the largest city in South Africa, classified as a megacity, and is one of the 100 largest urban areas in the world. According to Dem ...

with his mother, at the age of 18. For several semesters, he attended

University of the Witwatersrand The University of the Witwatersrand, Johannesburg (), is a multi-campus South African public research university situated in the northern areas of central Johannesburg. It is more commonly known as Wits University or Wits ( or ). The university ...

, but left before graduating. He completed his studies at the

University of South Africa The University of South Africa (UNISA), known colloquially as Unisa, is the largest university system in South Africa by enrollment. It attracts a third of all higher education students in South Africa. Through various colleges and affiliates, U ...

, in 1991, earning the degree of

Bachelor of Commerce A Bachelor of Commerce (abbreviated BComm or BCom; also, ''baccalaureates commercii'') is an undergraduate degree in business, usually awarded in Canada, Australia, India, Sri Lanka, Pakistan, Ireland, New Zealand, Ghana, South Africa, Myanmar, ...

(BCom). He also holds the degree of Master of Science in Development Economics, from

SOAS, University of London SOAS University of London (; the School of Oriental and African Studies) is a public research university in London, England, and a member institution of the federal University of London. Founded in 1916, SOAS is located in the Bloomsbury are ...

, obtained in 1994. He also holds numerous certificates, and diplomas in management, economics and finance from Internationally recognized institutions, including the

Wits Business School The University of the Witwatersrand, Johannesburg (), is a multi-campus South African public research university situated in the northern areas of central Johannesburg. It is more commonly known as Wits University or Wits ( or ). The univer ...

and

Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of high ...

Career

Beginning in 1996 until 1998, Kganyago served as the Director of the South African National Treasury. From 1998 until January 2004, he served as the Chief Director: Liability of the National Treasury. From January 2005 until May 2011, he was the Director-General of the National Treasury of South Africa. In 2011, Kganyago was appointed Deputy Governor of the South African Reserve Bank, serving in that capacity from May 2011 until November 2014. Two other individuals served concurrently with him, at Deputy Governor level. On 9 November 2014, he became Governor of the

, replacing the former Governor. From 2018 until 2020, Kganyago chaired the International Monetary and Financial Committee (IMFC), the policy advisory committee of the Board of Governors of the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...

(IMF). In 2019,

President President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university * President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ...

Cyril Ramaphosa Matamela Cyril Ramaphosa (born 17 November 1952) is a South African businessman and politician who is currently serving as the fifth democratically elected president of South Africa. Formerly an anti-apartheid activist, trade union leader, and ...

re-appointed Kganyago for another five-year term.

Other activities

(IMF), Chairman of the International Monetary and Financial Committee (since 2018)IMFC Selects South African Reserve Bank Governor Lesetja Kganyago as New Chairman

(IMF), press release of January 18, 2018. *

Financial Stability Board The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. It was established after the G20 London summit in April 2009 as a successor to the Financial Stability Forum ...

(FSB), Member of the Regional Consultative Group for Sub-Saharan AfricaMembers of the FSB Regional Consultative Group for Sub-Saharan Africa

(FSB). * Association of African Central Bankers, Chairman *

Southern African Development Community The Southern African Development Community (SADC) is an inter-governmental organization headquartered in Gaborone, Botswana. Its goal is to further regional socio-economic cooperation and integration as well as political and security coopera ...

(SADC), Chair of the Committee of Central Bank Governors

Recognition

Kganyago received the 2018 Governor of the Year award at the 5th annual Central Banking Awards ceremony.

References

{{DEFAULTSORT:Kganyago, Lesetja Governors of the South African Reserve Bank South African bankers 20th-century South African economists Living people 1965 births People from Capricorn District Municipality 21st-century South African economists

Background and education

Career

Other activities

Recognition

See also

References