NBFIRA boss unexpectedly quits

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The founding chief executive officer (CEO of the Non-Banking Financial Institutions Regulatory Authority (NBFIRA) Robert Hobart has quit after only a year at the helm, citing personal reasons.

Hobart tendered his resignation around May 2009, just seven months into his three-year contract.

NBFIRA acting board Chairperson Mmatlala Dube confirmed Hobart's resignation in an emailed statement, saying that his last day of service at the authority was October 2, 2009.

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