Media Release
2 January 2019
Deputy Governor Francois resigns

The South African Reserve Bank (SARB) regrets to announce the resignation of
Deputy Governor Francois Groepe effective 31 January 2019. Deputy Governor
Groepe tendered his resignation during December to pursue outside opportunities.

The SARB wishes to thank Deputy Governor Groepe for his 14 years of service,
seven served as a non-executive director and seven as an executive and wishes him
well in his future endeavours. During his terms as Deputy Governor, Mr Groepe
provided oversight over the Financial Stability Department, the National Payment
System Department, Risk Management & Compliance Department, the Currency
Cluster and the Security Management Department.

The Governor has been in communication with the President, the Minister of Finance
and the Board of the SARB in this regard. The process of appointing Mr Groepe’s
successor is currently underway.

Issued by SARB Media Relations
media@resbank.co.za