Business Maverick

FILLING THE GAP

Twenty years later, former intern Mampho Modise returns to SA Reserve Bank as deputy governor

Twenty years later, former intern Mampho Modise returns to SA Reserve Bank as deputy governor
Dr Mampho Modise has been appointed as the deputy governor of the SA Reserve Bank.(Photo: Supplied)

After a 15-year stint at National Treasury, Dr Mampho Modise returns South Africa’s central bank as one of three deputy governors.

The gap left by the departure of Kuben Naidoo, a deputy governor of the South African Reserve Bank, about five months ago has been filled by Dr Mampho Modise, who is currently National Treasury’s deputy director-general (DDG) of public finance.

The appointment means that Modise’s career has come full circle since she was first appointed as an intern at the SA Reserve Bank 20 years ago. Her term of office starts on 1 April 2024 and will run for five years.

Her duties as DDG of public finance since 2017 included fiscal and financial monitoring in the evaluation of policy proposals across national departments, and assessing and overseeing public and state-owned enterprises. 

“Dr Modise is a dedicated, talented official with a genuine passion for the public service and keen appreciation of the challenging macroeconomic period the country is currently facing,” Finance Minister Enoch Godongwana said. “She is also a competent leader and the [SA Reserve Bank], as well as the nation as a whole, will benefit immensely from her diligence.” 

The vacancy occasioned by Dr Modise’s departure from National Treasury will be filled once the necessary processes have been completed.

Reserve Bank Governor Lesetja Kganyago has been reappointed for a third five-year term, which will end in 2029.  

Nomfundo Tshazibana and Dr Rashad Cassim will both continue as deputy governors of the SA Reserve Bank, each for another five-year term, signalling ongoing stability for the central bank. DM

Gallery

Comments - Please in order to comment.

Please peer review 3 community comments before your comment can be posted

X

This article is free to read.

Sign up for free or sign in to continue reading.

Unlike our competitors, we don’t force you to pay to read the news but we do need your email address to make your experience better.


Nearly there! Create a password to finish signing up with us:

Please enter your password or get a sign in link if you’ve forgotten

Open Sesame! Thanks for signing up.

We would like our readers to start paying for Daily Maverick...

…but we are not going to force you to. Over 10 million users come to us each month for the news. We have not put it behind a paywall because the truth should not be a luxury.

Instead we ask our readers who can afford to contribute, even a small amount each month, to do so.

If you appreciate it and want to see us keep going then please consider contributing whatever you can.

Support Daily Maverick→
Payment options