Top Reserve Bank official gets a new job
Dr Christopher Loewald will join the board of PSG Financial Services after his retirement as the Chief Economist of the South African Reserve Bank (SARB).
Loewald started working at the SARB in 2011. He was also a member of the Monetary Policy Committee (MPC) from 2019 until his early retirement on 1 March 2026.
As Chief Economist, he led the SARB’s Economic Research Department, which was responsible for forecasting, global economic analysis, climate change-related research and policy development.
Before joining the SARB, he spent 13 years at National Treasury, where he was responsible for developing the nation’s macroeconomic policy.
Loewald will soon work as an independent non-executive director of PSG, with effect from 1 September 2026. He will also serve on the company’s audit and risk committees.
Loewald has a PhD and a Master’s degree in International Economics and European Studies from Johns Hopkins University School of Advanced International Studies. He also holds a Bachelor of Arts degree in Political Science.
The board said that a fit and proper assessment was conducted in respect of Dr Loewald and that the board is satisfied with the outcome thereof.
“The board extends a warm welcome to Dr Loewald and looks forward to his contribution.”
PSG Financial Services also announced a host of other board changes, which include Lizé Lambrechts taking on several roles.
PSG Financial Services founder Willem Theron will retire from several roles at the group’s AGM in July 2026.
Lambrechts, who has been on the board since 2023, will step down from the audit committee prior to the AGM.
She will, however, take over as the independent non-executive chairperson of the board, chairperson of the Treasury board, and chairperson of the nominations committee.
Lambrechts is a qualified actuary and holds a BSc Hons (cum laude) degree in applied mathematics
from the University of Stellenbosch.
She has extensive experience in the financial services industry and has fulfilled various senior executive roles within the Sanlam Group.
She was the Chief Executive of Sanlam Personal Finance for 12 years, after which she served as Santam’s Chief Executive Officer for 7 years.
She also served as chairperson of the South African Insurance Association and Life Offices Association.
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