S.Africa will not rush to appoint new cbank governor: Nene


This is according to finance minister, Nhlanhla Nene.

Current governor Gill Marcus unexpectedly announced last week she would step down at the end of her term on 8 November, rather than seeking a second five-year tenure, sending the rand to its weakest level against the dollar in seven months.

(READ MORE: Marcus steps down as South African central bank chief)


Deputy governor Lesetja Kganyago is seen as most likely to succeed Marcus, providing policy continuity, a Reuters poll showed earlier this week.