President Jacob Zuma has appointed South African Reserve Bank (SARB) adviser and Monetary Policy Committee member Kuben Naidoo as SARB deputy governor, following the promotion of former incumbent Lesetja Kganyago to SARB governor in November.

Naidoo, who will take up his new position on April 1, has served as the acting head of the secretariat for the National Planning Commission in the fourth administration and has also held the position of deputy director-general responsible for the budget office at the National Treasury.

He spent two years at the Treasury of the United Kingdom, where he worked on capital budgets and biannual spending reviews.

Naidoo holds a Bachelor of Science degree and a Postgraduate Diploma in Public Management from the University of the Witwatersrand, as well as a Master of Business Administration from the University of Birmingham, in the UK.

“We wish the new deputy governor-designate all the best in the execution of this critical responsibility in our country’s socioeconomic dispensation,” Zuma said in a statement on Friday.