Minister of Finance Enoch Godongwana on the appointment of Dr Mampho Modise as a Deputy Governor of the South African Reserve Bank
15 March 2024
Minister of Finance Mr Enoch Godongwana congratulates Dr Mampho Modise, the current Deputy Director-General of Public Finance in the National Treasury, on her appointment by President Cyril Ramaphosa as a Deputy Governor of the South African Reserve Bank (SARB). Dr Modise’s appointment commences on April 1, 2024, for five years.
Minister Godongwana also wishes to congratulate Mr Lesetja Kganyago on his reappointment as Governor of the SARB, as well as Ms Nomfundo (Fundi) Tshazibana and Dr Rashad Cassim as Deputy Governors of the SARB, each for another five-year term.
Dr Modise’s appointment follows a thorough consultation between the President, the Minister of Finance and the Board of the Reserve Bank, per the prescripts of section 4(1)(a), read with section 5(1)(a), of the South African Reserve Bank (SARB) Act, 1989 (Act No. 90 of 1989).
Minister Godongwana believes Dr Modise can succeed in what will be a challenging role, given her deep background in public economics and finances. She began her public service career as an intern at the South African Reserve Bank, in 2004, and by the time she left the central bank she held the position of Economist.