Reserve Bank chief economist Monde Mnyande.   Picture: FINANCIAL MAIL
Reserve Bank chief economist Monde Mnyande. Picture: FINANCIAL MAIL

MONDE Mnyande, chief economist at the Reserve Bank and adviser to governor Gill Marcus, has opted to go on early retirement from January 1 next year.

He is currently serving a cooling-off period, effective from September 1 to December 31, during which he is not allowed to work for any other organisation, the Bank said on Tuesday.

Mr Mnyande has served as a member of the monetary policy committee since its inception and was a member of the financial stability committee.

He chaired the board of the South African Reserve Bank Captive Insurance Company and held a number of positions in the research department before becoming head of the department, chief economist and executive general manager in the Bank.

"The Bank would like to thank him for his 17 years of uninterrupted service and the leadership he provided," said Hlengani Mathebula, head of group strategy and communications.

"We wish him well in his future endeavours," Mr Mathebula added.