Marcus steps down as SARB governor
by TINTSWALO BALOYI
CAPE TOWN – GILL Marcus, Governor of the South Africa Reserve Bank (SARB) has announced her intention to step down.
Addressing journalists in Cape Town, Marcus, said she would quit in
November to pave way for an incumbent who is yet to be known.
She said she had informed President Jacob Zuma about her intentions to
quit the central bank post.
“I have advised the president (Jacob Zuma) some time ago that I would not
be available for renewal,” Marcus said.
She said the SARB had capable men and women to fill in her shoes insisting
the central bank would be left in safe hands.
“I’m quite comfortable saying that I’m very happy that whoever the
president chooses to succeed as the next governor will continue with the
strength of this institution and do an excellent job,” she said.
Marcus, who succeeded Tito Mboweni in 2009 as the ninth governor, is the
first woman to hold the position.
Economists and trade unionists welcomed her appointment.
– CAJ News
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