Pretoria – Deputy Reserve Bank Governor Xolile Guma will not renew his contract with the bank when it ends in July this year, said the central bank.<\/p>\n
Dr Guma’s second five-year term in office will expire on 31 July 2011 following 16 years of uninterrupted service, the Reserve Bank said on Thursday.<\/p>\n
The deputy governor has advised President Jacob Zuma and the board of the bank.<\/p>\n
“He has decided not to renew his contract,” said the bank’s spokesperson Hlengani Mathebula.<\/p>\n
According to the bank, President Zuma will in due course announce, after consultation with the board, who he has appointed as the next deputy governor.<\/p>\n
The bank thanked Guma for his contribution to the SA Bank Note Company and the SA Mint. Guma has also served as a member of the board of the Reserve Bank and its sub-committees, the Governor’s Executive Committee, the Governor’s Co-ordinating Committee (GCC), the Monetary Policy Committee and the Financial Stability Committee.<\/p>\n
“Dr Guma will serve a three-month cooling off period [that prohibits taking a paid job] until the end of October. We wish him well in future endeavours,” said the Reserve Bank.<\/p>\n
In March, former National Treasury Director General Lesetja Kganyago was appointed to one of the Deputy Governor posts at the Bank. – BuaNews<\/p>\n","protected":false},"excerpt":{"rendered":"
Pretoria – Deputy Reserve Bank Governor Xolile Guma will not renew his contract with the bank when it ends in July this year, said the central bank. Dr Guma’s second five-year term in office will expire on 31 July 2011 following 16 years of uninterrupted service, the Reserve Bank said on Thursday. The deputy governor […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[427,639],"class_list":{"0":"post-1647","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-reserve-bank","8":"tag-xolile-guma","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/1647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=1647"}],"version-history":[{"count":1,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/1647\/revisions"}],"predecessor-version":[{"id":1650,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/1647\/revisions\/1650"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=1647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=1647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=1647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}