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South African Reserve Bank


Each member of the MPC has expertise in the field of economics and monetary policy. Members do not represent individual groups or areas. Each member of the committee has a vote to set interest rates at the level he or she believes is consistent with meeting the inflation target. Not just at MPC meetings but throughout the year, the MPC members receive extensive briefings on the economy from Reserve Bank staff. The decisions of the MPC are based on the Bank’s objectives and a thorough assessment of the current situation of, and outlook for, the economy, monetary and inflation issues and financial stability.
The current MPC members are: 

Mr E L Kganyago

Dr R Cassim
Deputy Governor

Ms F Tshazibana
Deputy Governor

Mr K Naidoo
Deputy Governor and CEO: Prudential Authority 

​Dr C  Loewald



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