South Africa is mourning the loss of a seasoned politician and economist, Tito Mboweni, who passed away on October 12, 2024, at the age of 65. Mboweni’s family confirmed his death, and President Cyril Ramaphosa has paid tribute, acknowledging him as a remarkable leader and compatriot
Mboweni’s illustrious career spanned various roles, including Minister of Labour, Governor of the South African Reserve Bank, and Minister of Finance. He was known for his liberal economic views, often finding himself at odds with the ruling ANC’s socialist policies
As the eighth Governor of the South African Reserve Bank, Mboweni oversaw the implementation of inflation targeting policies to achieve price stability. He also played a crucial role in shaping South Africa’s post-apartheid labor legislation during his tenure as Minister of Labour.
Mboweni’s passing has sent shockwaves throughout the nation, with many remembering him as a dedicated public servant and a champion of economic growth. His legacy continues to inspire a new generation of leaders and economists.
Key Highlights of Tito Mboweni’s Career:
- Minister of Labour (1994-1999)
- Governor of the South African Reserve Bank (1999-2009)
- Minister of Finance (2018-2021)
- Founder of Mboweni Brothers Investment Holdings
- International Advisor to Goldman Sachs International ¹
