Mr Lesetja Kganyago was appointed Governor of the SARB with effect from 9 November 2014 and was reappointed by the President of South Africa for a second five-year term in 2019, with effect from 9 November 2019 to 8 November 2024. The President has reappointed Mr Kganyago for a third five-year term, which commences on 9 November 2024 and concludes on 8 November 2029.

Mr Kganyago is the Chairperson of the Monetary Policy Committee, Prudential Committee and the Financial Stability Committee.

Mr Kganyago chairs the Committee of Central Bank Governors of the Southern African Development Community (SADC), co-chairs the Financial Stability Board’s Regional Consultative Group for Sub-Saharan Africa, and chairs the Financial Stability Board’s Standing Committee on Standards Implementation.

He also served as the Chairperson of the International Monetary and Financial Committee, which is the primary advisory board to the International Monetary Fund (IMF) Board of Governors, from 18 January 2018 to 17 January 2021.

Mr Kganyago served as Deputy Governor of the SARB from 16 May 2011 until his elevation as Governor.

A lifelong public servant, he has extensive experience in macroeconomic policy formation, including fiscal and monetary policy, financial sector policy, international finance, public debt management and financial markets.

Before joining the SARB, Mr Kganyago was the Director-General of National Treasury, where he played a leading role in implementing public finance and budgetary reforms, leading to greater transparency and accountability of the country’s public finance and budget processes. Mr Kganyago represented South Africa at international organisations such as the World Bank, the IMF, the Group of Twenty (G20) and the African Development Bank. In this role, he served as the Chair of the Development Committee Deputies and also co-chaired a G20 Working Group on the reform of the IMF.

He holds an MSc in Economics from SOAS University of London and a BCom in Economics and Accounting from the University of South Africa. He has also received various training in finance, economics and management.