Sarb’s Mokate to exit after not securing new contract
Renosi Mokate, a deputy governor of the South African Reserve Bank (Sarb), will step down at the end of her term it emerged on Tuesday.
The central bank said the decision was made by mutual agreement after a consultation period between the Board and President Zuma. The President will advise the Sarb on its decision to appoint a replacement.
Mokate, one of three deputy governors at the central bank, completes her five-year term on 31 July but plans to stay a further three months as part of a
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