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Ms Nomfundo (Fundi) Tshazibana
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Ms Nomfundo (Fundi) Tshazibana
Deputy Governor and
CEO: Prudential Authority
Ms Fundi Tshazibana is a deputy governor of the South African Reserve Bank (SARB), Chief Executive Officer (CEO) of the Prudential Authority and a member of the Monetary Policy Committee. The Prudential Authority regulates banks, insurers, cooperative financial institutions, financial conglomerates and certain market infrastructures.
As CEO of the Prudential Authority, Ms Tshazibana leads the SARB’s Prudential Cluster, which includes the Financial Surveillance Department and the departments within the Prudential Authority.
Ms Tshazibana represents the SARB on the Basel Committee for Banking Supervision and the Financial Stability Board’s Standing Committee on Supervisory and Regulatory Cooperation. In December 2025, she was announced as Chair of the Sustainable Insurance Forum and, until June 2026, served as Vice-Chair of the Network for Greening the Financial System.
Before the deputy governors’ portfolios were rotated on 1 April 2022, she oversaw the SARB’s Financial Markets and International Cluster.
She joined the SARB in 2018 as Adviser to the Governor. The President appointed her as Deputy Governor in 2019, and she served her first term from 1 August 2019 to 31 July 2024. The President reappointed Ms Tshazibana for a second five-year term, which commenced on 1 August 2024 and will conclude on 31 July 2029.
Ms Tshazibana is an economist with extensive experience in public policy formulation and analysis. She has worked at several local and international institutions, including National Treasury, the National Energy Regulator of South Africa (NERSA) and the International Monetary Fund (IMF).
At the IMF, she was an Alternate Executive Director on the Executive Board, which oversees the institution’s day-to-day operations. Prior to joining the IMF, Ms Tshazibana was a deputy director-general at National Treasury, where she was responsible for macroeconomic policy and economic forecasting. At NERSA, she worked as a senior policy analyst.
She holds a Bachelor of Economics (Honours) degree and an MCom in Economics from the University of KwaZulu-Natal.
