Published: 14 November 2013

Speculation and secrecy has shrouded the fate of Reserve Bank Governor Gideon Gono's tenure amid indications that his second term, due to expire at the end of  this month, may be extended by one year.

If a new appointment was to be made, it should have been made public by now and his successor should have been preparing for office.

But with no announcement to date, speculation has grown that Gono's term was most likely to be extended.

Gono was first appointed as the central bank governor in November 2003 and was re-appointed in November 2008 for another 5-year term.

Over the past few months, several names have been linked to the hot seat. These include CBZ Holdings chief executive John Mangudya, former CBZ chief executive Nyasha Makuvise, FBC Holdings chief executive John Mushayavanhu, African Development Bank chief economist Mthuli Ncube and head of debt and aid management in the Ministry of Finance Andrew Bvumbe.

Constitutionally, Dr Gono cannot exceed two terms the RBZ Act can be made amended to provide for the extension of the governor's tenure beyond the two terms.


- Herald

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