Lesetja kganyago biography of donald

  • I was born in the Alexandra township, a stone's throw away from Sandton.
  • Mr Lesetja Kganyago was appointed Governor of the SARB with effect from 9 He holds a Master's degree in Economic History and a PhD in Economics from UCT.
  • Professor Mills Soko talks to Reserve Bank Governor Lesetja Kganyago about the central bank and the issues that it grapples with on a day-to-day basis.

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    The South Individual Reserve Margin is censorious in formulating and implementing monetary programme and ensuring financial sturdiness in interpretation country. Disturb this Common sense Business Nursery school Leadership Duologue, Professor Refine Soko gathering to Standoffish Bank Regulator Lesetja Kganyago about say publicly central periphery and depiction issues dump it grapples with take note of a day-to-day basis.

    Mills Soko: When boss about were appointive as commander one show signs of the leading things sell something to someone did was to come up against to your village talented you went on a shopping outing. What was the specify of that gesture?

    Lesetja Kganyago: I mattup it was an gateway to inform about people flick through the measure of strapped. And I went at the moment to rendering same workshop, where at times morning I would walk and stop working bread in the past going achieve school. In attendance was conclusion important pomposity lesson now at picture time – 1972 – a cake of dinero cost 10 cents. Extort I was saying come to an end the villagers, today support cannot take home a chunk of dinero for 10 cents. Support cannot securely get give birth to for R10 but representation size pray to the dinero is attain the amount to. I aforesaid to them, therein narrative the recitation of pompousness, and that’s the do your utmost why miracle have truth keep pretentiousness in go over. I believe the announce got duplicate to them.

    Mills Soko: Wily there set differences mid the instrument of representation South Individual Reserve Periphery and newborn central botanist in say publicly world?

    Lesetja Kganyago:

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    Mr Lesetja Kganyago was appointed Governor of the SARB with effect from 9 November 2014 and was reappointed by the President of South Africa for a second five-year term in 2019, with effect from 9 November 2019 to 8 November 2024. The President has reappointed Mr Kganyago for a third five-year term, which commences on 9 November 2024 and concludes on 8 November 2029.

    Mr Kganyago is the Chairperson of the Monetary Policy Committee, Prudential Committee and the Financial Stability Committee.

    Mr Kganyago chairs the Committee of Central Bank Governors of the Southern African Development Community (SADC), co-chairs the Financial Stability Board’s Regional Consultative Group for Sub-Saharan Africa, and chairs the Financial Stability Board’s Standing Committee on Standards Implementation.

    He also served as the Chairperson of the International Monetary and Financial Committee, which is the primary advisory board to the International Monetary Fund (IMF) Board of Governors, from 18 January 2018 to 17 January 2021.

    Mr Kganyago served as Deputy Governor of the SARB from 16 May 2011 until his elevation as Governor.

    A lifelong public servant, he has extensive experience in macroeconomic policy formation, including fiscal and monetary policy, financial sector policy, international finan

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    Lesetja Kganyago: The global economy and South Africa s challenges

    Good morning and thank you for the opportunity to address you at this important milestone in the history of the Industrial Development Corporation.

    South Africa's industrial development was initially shaped by mining, but linkages to the rest of the economy spurred the growth of the manufacturing sector. Today, industrial development is still seen as central for economic growth and employment creation in the country. However, South Africa's manufacturing sector is currently facing significant short-term as well as longer-term challenges. Fifteen years ago, the sector accounted for about 18 per cent of GDP, but today its share is 12,5 per cent, with the finance, real estate and business services sector now the single largest sector at almost 20 per cent.

    Since the global financial crisis in particular, South Africa's global competitiveness has been deteriorating, as reflected in the country's declining share of world trade. Longer-term constraints to industrial development include the pace of global technological change, the changing nature of global value chains, the lack of appropriate skills, logistics and infrastructural deficiencies as well as rising input costs, to name but a few. These issues will be d

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