BBC NEWS 24 142 08 Aug 14:10/26 ************ ************************** * *** *** ** ************ **** ************ ***************** 4/7 FIRST BLACK BANK GOVERNOR TAKES CHARGE The first black governor of South Africa's central bank is taking up his position after spending a year shadowing his predecessor.
Tito Mboweni, who used to be a Labour minister, has indicated that he plans no major initial changes.
But he has pledged to continue efforts to combat rising inflation.
There was a fall in the value of the Rand currency when Mr Mboweni's appointment was announced last year.
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