Reaction to new Reserve Bank Governor

President Jacob Zuma appointed Lesetja Kganyago today as new central bank governor, replacing the respected Gill Marcus, whose five-year term ends on 8 November.

Analysts surveyed by Reuters had predicted Kganyago, a deputy governor who has also served as Director General at the finance ministry, would get the post, ahead of fellow deputy governor Daniel Mminele.

The president has congratulated Kganyago, who he says brings with him a wealth of experience, having worked in government from 2004 as director general of the National Treasury.

Africa Melane standing in for John Maytham looks at who will welcome the appointment and who will be critical with Dr Azar Jammine of Econometrix.

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