Published: 25 March 2014

New RBZ Governor John Mangudya has the right qualifications and experience to lead the central bank, and his appointment inspires confidence in the market, business and labour leaders said yesterday.

Mangudya's appointment coincided with the launch of the inter-bank market on Saturday as Finance Minister Patrick Chinamasa fulfilled the policy pledges he made in his 2014 Budget statement.

The market is set to be opened today.

Bankers Association of Zimbabwe president, George Guvamatanga, welcomed the appointment.

He said given his wealth of experience, it is a welcome appointment and the sector strongly believes that he will use that experience to improve the banking and financial services sectors.

Mangudya assumes office on May 1 following his appointment by President last week.
- newsday

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