Get more Mail & Guardian
Subscribe or Login

Ratsoma appointed head of regional BRICS bank

National treasury on Tuesday announced it has appointed the head of the BRICS New Development Bank for the African Regional Centre.

Monale Ratsoma, deputy director general of Treasury’s economic policy department, will lead the regional arm of the bank. His appointment is with effect from April 16, Treasury said in a statement.

“Mr Ratsoma’s role will be managing the bank’s African regional operations and leading the bank’s African efforts in project preparation, project implementation and regional portfolio management,” treasury said.

Last year former President Jacob Zuma opened the African Regional Centre in Sandton. It is the development bank’s first regional centre.

The bank is meant to provide resources to drive infrastructure development by accelerating investment in energy and transport.

Treasury’s Director General Dondo Mogajane has thrown Treasury’s support behind Ratsoma, saying Treasury will provide him with the “necessary support” to realise the bank’s vision for South Africa and the continent.

Ratsoma joined Treasury in 2011 as chief director of liability management. He was appointed deputy director general of economic policy in 2015.

Dr Duncan Pieterse will act as deputy director general of economic policy from April 16 until the position is filled. Pieterse is the chief director of microeconomic policy at treasury. – Fin24

Subscribe to the M&G

Thanks for enjoying the Mail & Guardian, we’re proud of our 36 year history, throughout which we have delivered to readers the most important, unbiased stories in South Africa. Good journalism costs, though, and right from our very first edition we’ve relied on reader subscriptions to protect our independence.

Digital subscribers get access to all of our award-winning journalism, including premium features, as well as exclusive events, newsletters, webinars and the cryptic crossword. Click here to find out how to join them.

Lameez Omarjee
Lameez Omarjee
Parliamentary reporter at Fin24.com

Related stories

WELCOME TO YOUR M&G

If you’re reading this, you clearly have great taste

If you haven’t already, you can subscribe to the Mail & Guardian for less than the cost of a cup of coffee a week, and get more great reads.

Already a subscriber? Sign in here

Advertising

Subscribers only

‘Exciting’ ramp-up for Covid jabs

As more vaccines arrive in the country, South Africa could administer 420 000 doses a day

Mokgoro was party to talks of his resignation

The North West premier has defied the interim provincial committee’s decision

More top stories

‘Put farmers at the heart of food systems’ to feed...

The Food and Agriculture Organisation’s QU Dongyu says food systems have to be transformed to make them more resilient and inclusive.

Grocers reap tidy profits from liquor

Covid-19 bans on alcohol and the recent violence have exposed just how important booze sales are to retailers that once only filled trolleys with food

Riots leave the dead unburied and the living at risk

Crematoriums, funeral parlours and cemeteries were forced to close, leaving the families of those who died during the unrest to live with their bodies.

‘Exciting’ ramp-up for Covid jabs

As more vaccines arrive in the country, South Africa could administer 420 000 doses a day
Advertising

press releases

Loading latest Press Releases…
×