South African Reserve Bank (Sarb) Deputy Governor Francois Groepe has been reappointed in the position by President Jacob Zuma for five years from January 1, 2017.

Groepe is the chairperson of the South African Bank Note Company and the South African Mint Company, which are subsidiaries of Sarb. He was appointed a nonexecutive director at Sarb in 2004 and was appointed Sarb deputy governor in January 2012 for five years until December 1, 2016.