Marcus, who guided South Africa through a turbulent five years since the global financial crisis, told a news conference at the end of a Monetary Policy Committee (MPC) meeting, that she has notified President Jacob Zuma about her decision.
"This is my last MPC. I have advised the president some time ago that I would not be available for renewal," she said, according to Reuters.
"I think the bank has an outstanding team of leadership, both in the executive, monetary policy, leadership, management of the bank.
"Therefore, I'm quite comfortable saying that I'm very happy that whoever the president chooses to succeed as the next governor will continue with the strength of this institution and do an excellent job."
BREAKING! Gill Marcus announces she is not renewing her term and will step down in November.
— Stephen Grootes (@StephenGrootes) September 18, 2014
Gill Marcus will be leaving the Reserve Bank at the end of her term later this year. We feel her replacement... http://t.co/L0d9FXqKjH
— Ambani RPM (@AmbaniRPM) September 18, 2014
Gill Marcus not available after 08 NOV,I think President must replace him with Lesetja Kganyago
— moloto mabatamela (@MMabatamela) September 18, 2014
The Rand dips as Gill Marcus says she is stepping down as the Reserve Bank governor next month. #sarb #rates
— Tshepo Tshabalala (@TshepototheT) September 18, 2014
Gill Marcus is now trending in World, ranking 9 http://t.co/6k0cMJNmyH
— TT Mobile WORLD (@TTMobile_world) September 18, 2014
Tweets about "Gill Marcus"
- Fin24