Mboweni to step down

The Reserve Bank confirmed on Friday that incumbent governor Tito Mboweni does not intend to renew his second five-year term when his contract ends in August next year. "How I wish my term would have ended two years ago, I would have been a hero," he told the Institute of Bankers, referring to a time interest rates were their lowest in more than two decades. - Reuters

The Reserve Bank confirmed on Friday that incumbent governor Tito Mboweni does not intend to renew his second five-year term when his contract ends in August next year. "How I wish my term would have ended two years ago, I would have been a hero," he told the Institute of Bankers, referring to a time interest rates were their lowest in more than two decades. - Reuters

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