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Zuma installs new central banker

South Africa’s president Jacob Zuma has appointed Gill Marcus as the new governor of the country’s central bank. Marcus, a former deputy governor, will take over from Tito Mboweni after he asked to be allowed to step down from his five-year term early. Marcus, who served as deputy governor of the South African Reserve Bank between 1999 and 2004, is chair of the banking group Absa.