SA appoints head of regional BRICS bank
10 April 2018
Cape Town - 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.