President Zuma pays tribute to out-going Reserve Bank Governor

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President Jacob Zuma has extended his gratitude to outgoing SA Reserve Bank Governor Gill Marcus.

Marcus will step down on the 8th of November at the end of her five-year term.

Zuma said Marcus had steered the Central Bank during the difficult periods of the global economic and financial recession and ensured the achievement and maintenance of stability.

He said government valued Marcus's contribution immensely and wished her all the best in her future endeavours.

On Thursday, Marcus announced that the repo rate would remain unchanged at 5.75 percent.