Deputy Governor Rashad Cassim heads up the Markets and International Cluster, which includes the Financial Markets Department, International Economic Relations and Policy Department, and General Counsel.  He is also in charge of the National Payment System Department.

He commenced his second term as Deputy Governor on 1 August 2024, which will conclude on 31 July 2029.

Dr Cassim first joined the SARB as Head of Economic Research and Statistics in March 2011, during which he acted as the Secretary of the Monetary Policy Committee.

Between 2019 and 2022, he served as the Chairperson of the Irving Fisher Committee on Central Bank Statistics under the auspices of the Bank for International Settlements.

Before joining the South African Reserve Bank, Dr Cassim served as the Deputy Director-General responsible for economic statistics at Statistics South Africa. He was instrumental in enhancing both the quality and the credibility of economic statistics in South Africa.

Until he joined the public service, he held several leading academic roles, including Professor and Head of the School of Economic and Business Sciences at the University of the Witwatersrand, as well as various research and academic positions at the University of Cape Town (UCT).  He holds a PhD in Economics, and Honours and Master’s degrees in Economic History from UCT.