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Monetary Policy Committee
The MPC consists of up to seven members from the SARB: the Governor, the three deputy governors and selected senior officials appointed by the Governor. The Governor chairs the MPC meetings.
Mr E L (Lesetja) Kganyago
Governor
Dr R (Rashad) Cassim
Deputy Governor
Ms Nomfundo (Fundi) Tshazibana
Deputy Governor and CEO of the Prudential Authority
Dr M (Mampho) Modise
Deputy Governor
Dr Christopher Loewald
Head: Economic Research Department
Dr David Fowkes
Adviser to the Governors
Click here for the Monetary Policy Committee members' biographies.
Statements on the SARB’s monetary policy stance are released after each MPC meeting.
Monetary policy
Monetary policy implementation
30 January 2025
20 March 2025
29 May 2025
31 July 2025
18 September 2025
20 November 2025
Newsroom
Publications
Statistics
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