Financial Stability Board

Lesetja Kganyago

Co-Chair RCG for Sub-Saharan Africa

Governor, South African Reserve Bank

Lesetja Kganyago was appointed Governor of the South African Reserve Bank (SARB) with effect from 9 November 2014. 

Lesetja Kganyago was born in Johannesburg, South Africa in 1965. He holds a MSc in Economics from SOAS London University and a BCom degree in Economics and Accounting from UNISA. He also received various training in Finance, Economics and Management.

Prior to his elevation as Governor, Lesetja Kganyago served as Deputy Governor of the South African Reserve Bank (SARB) with effect from 16 May 2011.  In that role, he was responsible for prudential regulation and supervision, which encompasses Financial Regulatory Reform; Banking Supervision and the Financial Surveillance Department.  He was the Chairperson of the Standing Committee on the Revision of the Banks Act and was a member of the Board, the Board Risk and Ethics Committee (BREC), the Governor’s Executive Committee (GEC), the Monetary Policy Committee (MPC) and the Financial Stability Committee (FSC).  He was also a member of the Financial Stability Board Standing Committee on Standards Implementation (SCSI) and Co-Chair of the Financial Stability Board Regional Consultative Group for Sub-Saharan Africa. He was the Director-General of the National Treasury from 2004 until his appointment at the SARB.  He represented South Africa in international organisations such as the World Bank, the IMF, the 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.