New central bank Governor, Gill Marcus, came across confidently on Tuesday and was prepared to answer many broader questions about her role, mandates and policy, reassuring the market, according to an international economist on Wednesday.

These comments followed Marcus's first repo announcement on Tuesday, in which the Monetary Policy Committee (MPC) kept rates unchanged.

"Her change of style in talking about selected issues rather than simply reading out the statement was welcome. Her opening remarks, delivered alongside the rest of the committee, were a PR coup, in our view, and reassured markets that the MPC is a collective decision-making body unlikely to make a sudden change because of a new Governor," said economist from Nomura, Peter Attard Montalto, in a note.

"Ms Marcus started the meeting with a detailed overview of the international backdrop, which, although not particularly useful for foreign investors is certainly of use to South Africans who can sometimes be viewed as overly pessimistic on the global picture," he said.

The market could have further opportunities to hear from Marcus this evening [17:30] at the Monetary Policy Review press conference and then when she appears before parliament.

The two important topics she dealt with in the Q&A on Tuesday were the MPC mandate in light of the tripartite alliance meeting at the weekend and the currency.

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