Fundi Tshazibana

Deputy Governor, South African Reserve Bank, and CEO, Prudential Authority

Ms Fundi Tshazibana has been a deputy governor and an executive director the Board of the South African Reserve Bank (SARB) since 2019. She is currently also the CEO of the Prudential Authority. The Prudential Authority regulates banks, insurers, cooperative financial institutions, financial conglomerates and certain market infrastructures. As CEO of the Prudential Authority, Ms Tshazibana leads the Prudential Cluster of the SARB, which includes the Financial Surveillance Department and the departments within the Prudential Authority.

Before the rotation of the deputy governors on 1 April 2022, she oversaw the Financial Markets and International Cluster and Chaired the Board of the Corporation for Public Deposits. Ms Tshazibana joined the SARB in 2018 as Adviser to the Governors.

She is a member of the following committees within the South African Reserve Bank: Monetary Policy Committee, the Financial Stability Committee and the Prudential Committee. She represents the South Africa Reserve Bank on the Basel Committee on Banking Supervision and Financial Stability Board’s Standing Committee on Supervisory and Regulatory Cooperation. She is a Director on the Board of the Corporation for Deposit Insurance (CoDI) and chairs the CoDI Investment Committee. She was appointed as vice Chair of the Network for Greening the Financial System (NGFS) in early 2024. Until 2022, she was South Africa’s G20 Deputy and chaired the Deputies of the International Monetary and Financial Committee of the IMF from June 2019 until January 2021.

She is an economist with extensive experience in public policy formulation. From 2015-2018 she was an alternate executive director on the Executive Board of the International Monetary Fund. Prior to joining the IMF, Ms Tshazibana was a deputy director-general at National Treasury, where she was responsible for macroeconomic policy, regulatory impact analysis and forecasting. She was a senior policy analyst at the National Electricity Regulator and has worked on the restructuring on the electricity supply industry. She’s also worked as a market research executive in the private sector.

She holds a Bachelor of Economics (Honours) degree and a Master of Commerce degree in Economics from the University of KwaZulu-Natal.