TIPS congratulates Ms Fundi Tshazibana and Dr Rashad Cassim on their appointment as Deputy Governors of the South African Reserve Bank. Both Deputy Governors have strong historical ties to TIPS. Ms Tshazibana was on the TIPS board for many years and was previously chair of the board. Dr Cassim was the founder of TIPS and executive director for its first few years. TIPS wishes them both success in their new positions.