27 May.
Senior Deputy Governor Dr XP Guma’s second five-year term of office with the South African Reserve Bank expires on 31 July 2011, after 16 years of uninterrupted service.
Dr Guma has advised President JG Zuma and the Board that after ten years as Deputy Governor, he has decided not to renew his contract. The President will, in due course and after consultation with the Board, advise the Bank as to who he has decided to appoint as the Deputy Governor to succeed Dr Guma.
The South African Reserve Bank takes this opportunity to thank Dr Guma for his contribution to the work of the Bank, the SA Bank Note Company and the SA Mint. As Chair of the SA Bank Note Company and a member of the Board of the SARB and its sub committees, the Governors’ Executive Committee (GEC), the Governor’s Co-ordinating Committee (GCC), the Monetary Policy Committee (MPC), and the Financial Stability Committee (FSC), Dr Guma exercised his responsibilities with professionalism and commitment.
Dr Guma will serve a three month cooling off period until the end of October 2011. We wish him well in the future endeavours he will embark on.
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