SARB Deputy Governor Naidoo resigns

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Reserve Bank Deputy Governor, Kuben Naidoo has resigned.

Naidoo is one of three deputy governors who sits on the Reserve Bank’s Monetary Policy Committee.

The bank has referred all the questions to the Presidency.

Naidoo oversaw the Financial Stability and Currency Cluster, which incorporates SARB’s Economic Statistics Department, the National Payment System Department, the Fintech Unit, the Financial Stability Department, and the Risk Management and Compliance Department. He will also oversee the newly established Corporation for Deposit Insurance.

Before joining the SARB, Naidoo was the acting head of the secretariat for the National Planning Commission between 2010 and 2013. – Additional info SARB.