Lesetja Kganyago – the world’s best central banker - opens up about his money
If you are salaried… you’ve got to know what your priorities are… you’ve got to have a budget... I’m good at that… You must set aside money for saving...Lesetja Kganyago, Sarb
If you’re like me you also set aside money for ‘Black Tax’…Lesetja Kganyago, Sarb
Every week The Money Show’s Bruce Whitfield interviews a famous person about her or his attitude to money (hopes and fears, successes and failures, etc.) as part of his “Make Money Mondays, Personal Edition” feature.
This week Whitfield interviewed Lesetja Kganyago, Governor of the South African Reserve Bank (Sarb).
Kganyago grew up in Limpopo but moved to Johannesburg with his mother when he was 18.
He holds a Bachelor of Commerce degree from the University of South Africa and a Master of Science degree in Development Economics from the University of London.
Kganyago became Sarb Governor on 9 November 2014.
He has bravely defended - and improved - the Sarb’s reputation as an independent and well-governed institution despite numerous threats and a turbulent political and economic backdrop.
The Sarb remains a beacon of competence and independence amidst economic mismanagement by Government.
Kganyago is the world’s best central banker, according to the authoritative publication Central Banking, who earlier in the year awarded him the title of Central Banking Governor of the Year 2018.
What does Kganyago believe about money?
Does it keep him up at night?
Does he spend like crazy or save compulsively?
How did his childhood experiences shape his views on money?
Listen to the interview in the audio below (and scroll down for more quotes from it).
I think the savers were very happy! Pensioners were very happy! It was not an easy decision [to raise interest rates]… We have to take a view of what will happen in the future… [The Sarb’s mandate is] Protecting the value of the currency in the interest of balanced and sustainable growth…Lesetja Kganyago, Sarb
We came out of this stronger because we were pushed to explain our role in a democratic society… Many of us were taking this for granted…Lesetja Kganyago, Sarb
Maybe if we dismantle this institution… then we can do as we please… a very dangerous narrative!Lesetja Kganyago, Sarb
Once a year I have a meeting [with a financial advisor]…Lesetja Kganyago, Sarb
I make sure I pay my credit card in full at the end of the month…Lesetja Kganyago, Sarb
Even if you have things that you want to indulge in… you’ve got to budget for them!Lesetja Kganyago, Sarb
To accelerate the repayments on my bond [when asked what his best money decision was]…Lesetja Kganyago, Sarb
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
This article first appeared on 702 : Lesetja Kganyago – the world’s best central banker - opens up about his money
Bruce Whitfield interviews Eon de Vos about his attitude to money (hopes and fears, successes and failures, etc.).Read More
The woman who made us sing and dance and laugh and feel with Jabulani, talks lockdown and money tonight.Read More
Bruce Whitfield interviews Afrikaner icon Nataniël about his attitude to money (hopes and fears, successes and failures, etc.).Read More
In 2016, he became the first SA chef to receive a Michelin star after opening his restaurant in Nice, France called JAN.Read More
Rugby legend John Smit opens up about money and career changes.Read More
Jack Parow tells The Money Show how he runs his finances cooler than you.Read More
She loves ''braaing, dinner parties and DIY...and to go out for a koffie with my best friend Marianne''.Read More
Macfarlane Moleli tells The Money Show how he structures his life and sets goals.Read More
Motshidisi Mohono is one of the leading women sports reporters in South Africa. The Money Show asked her how she makes sure she’s top of her game with her money matters.Read More
It's time for Make Money Mondays. Actress Mapaseka Koetle-Nyokong shares some stories of how she makes and spends her money.Read More
If your dog bites someone - what does the law say? And how can you mitigate the risks of a potential lawsuit?Read More
Addict-turned-equine therapist Tash Curtis shares her remarkable story of recovery and self-discovery at the Healing Wings Centre.Read More
Cape Town-based organising consultant James Smal shares some expert tips on how to make room for new things in 2020.Read More
Saving money on boring stuff such as a car can allow you to do really outrageous and courageous stuff, says Sam Beckbessinger.Read More
'Marketing' is not 'sales'. It’s not noise. It's a science, and you must get it right, says Pavlo Phitidis.Read More
The Money Show’s Bruce Whitfield interviews Morbee about his attitude to money (hopes and fears, successes and failures, etc.).Read More
Small business guru Pavlo Phitidis on the basics of building a resilient business. He gives clear guidelines for getting it right.Read More
Bruce Whitfield interviews Phillip Retief, CEO at Van Loveren Vineyards, the origin of the SA's top-selling wine, "Four Cousins".Read More
Bruce Whitfield interviews Darren ‘Whackhead’ Simpson about his attitude to money (hopes and fears, successes and failures, etc.).Read More
The Money Show’s Bruce Whitfield interviews athlete about his attitude to money (hopes and fears, successes and failures, etc.).Read More