Black Professionals Honour SARB Governor Lesetja Kganyago

The African Business and Professional Alliance (ABPA), a newly-formed professional organisation, will host a commemorative dinner in honour of Mr Lesetja Kganyago’s appointment as the new Reserve Bank Governor on Thursday, December 4 at the Sandton Convention Centre in Johannesburg.

ABPA is made up of professional formations such as the Advancement of Black Accountants of Southern Africa (ABASA), the Association of Black Securities and Investment Professionals (ABSIP), African Women Chartered Accountants (AWCA), the Black Business Executive Circle (BBEC) and the Black Management Forum (BMF).

Mr Kganyago, previously deputy governor of the central bank, succeeded Gill Marcus who has since retired. News of his appointment was hailed by the investment community who said the appointment of an insider, with a reputable track record, bodes well for South Africa’s monetary policy as it ensures continuity. Members of ABPA have also welcomed Mr Kganyago’s appointment, and praised government for showing confidence in black talent and decisiveness in spearheading transformation.

The dinner was attended by captains of industry and high-powered personalities, among others former South African Reserve Bank Governor Ms Gill Marcus and Finance Minister Mr Nhlanhla Nene. Ms Lesego Sennelo, Spokesperson for the ABPA, said the commemorative dinner was about celebrating excellence which is also indicative that black excellence is not an anomaly, but an attainable condition if the right measures are in place to develop and recognise talent on objective merit.

“Through this commemorative dinner, the ABPA showcases the recognition of black professional talent on objective merit. His inspirational appointment goes a long way towards reversing the racial stereotype that seeks to marginalise and position black professionals as a proxy for incompetence. He is a shining example and has earned the respect of his peers and the investment community,” says Ms Sennelo.

Says Mr Kganyago: “I am humbled by the kind gesture of the ABPA in celebrating my appointment to this important position. South Africa has a number of challenges that it needs to tackle head on, and I am confident that with the talented team I am working with and the support of the Finance Minister, we can overcome most of these challenges.”

Mr Kganyago joined the public service in 1996. He began at the Treasury before his promotion to the position of director-general in 2004. He began his career in accounting at FNB before working for both the Congress of South African Trade Unions and the African National Congress.

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