Mr. Monale Ratsoma is a distinguished executive leader and international financial strategist with over two decades of experience at the intersection of international development, economic policy formulation, macroeconomic analysis, sovereign and private sector finance, and global capital markets.
Previously, Mr. Monale Ratsoma served as the NDB’s Vice-President and Chief Financial Officer from 8 July 2024 – 7 July 2026, where he provided executive oversight of the NDB’s multicurrency funding strategy across key capital markets, including EMTN, Panda Bonds and ZAR funding programmes as well Financial Statements preparation and reporting.
He was previously the Director-General at the NDB’s Africa Regional Centre (ARC) from 2018 – 2024 where he established the Bank’s first Regional Office to finance African operations.
Prior to joining the New Development Bank, he served at the National Treasury of South Africa from 2011 to 2018 where he held various roles including, the Deputy Director-General: Economic Policy where he led macroeconomic modelling and econometric forecasting, and micro economic reforms for South Africa, amongst other responsibilities; acting Deputy Director-General: International & Regional Economic Policy where he negotiated landmark agreements including African Union financing reforms, as well as coordinating programs with multilateral development banks and international organisations while leading participation at the G20, BRICS, SADC and SACU. He was also the Chief Director: Debt Issuance and Liability Management where he managed South Africa’s sovereign debt portfolio.
Mr. Ratsoma has also served in key governance roles, including as an Alternate Director at the NDB and a Non-Executive Director at Trans Caledon Tunnel Authority (TCTA), Corporation for Public Deposit (CPD) and was also Acting CEO and Chief Economist at Thebe Stockbroking.
Mr. Monale Ratsoma holds a Master’s Degree in Development Economics from the University of Johannesburg, Honours & B.Com Economics from the University of Western Cape, these are complemented by executive training from Gordon Institute of Business Science (GIBS) and other international institutions.