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In a media statement released today, the CEO of the South African Chamber of Commerce and Industry, Neren Rau, said:

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"The South African Chamber of Commerce and Industry (SACCI) applauded the appointment of Ms Marcus to the leadership of the SARB. Her appointment will undoubtedly bring strength to a leadership role that is frequently challenged in terms of the policies it is mandated to implement. Governor Marcus's experience as Deputy Governor of the SARB, Deputy Minister of Finance and her more recent experience as Chair of ABSA uniquely equip her for the challenges she faces in this key area of economic policy. Under the leadership of Governor Marcus, business is assured of prudent implementation of monetary policy and an openness to engage with economic stakeholders.

SACCI salutes Governor Mboweni for the contributions made over a decade of leadership at the SARB. Governor Mboweni will be remembered for the consultative manner in which he implemented monetary policy and for making monetary policy accessible.

SACCI is confident that the leadership within government's economic cluster has the potential to boldly lead our country through the economic crisis and to position South Africa to effectively realise its socio-economic goals. With the recent appointment of a third Deputy Governor, the strength of the top management team of the SARB is now indisputable. SACCI looks forward to a strong relationship with the Bank as we pursue the national economic interest.