Kuben Naidoo Named Deputy Governor of South African Reserve Bank

South Africa's President Jacob Zuma has appointed Kuben Naidoo as a central bank deputy governor.

Naidoo will be under the leadership of the South African Reserve Bank governor Lesetja Kganyago together with fellow deputy Daniel Mminele. 

The position became vacant when Kganyago was appointed as governor in November last year.

“He served as the acting head of the secretariat for the National Planning Commission in the fourth administration. Before that, Naidoo worked as deputy director-general responsible for the Budget Office at the National Treasury,” Zuma said.

He also spent two years at the Treasury of the United Kingdom (UK) where he worked on capital budgets and biannual spending reviews. 

“We wish the new deputy governor-designate all the best in the execution of this critical responsibility in our country’s socio-economic dispensation,” said Zuma.