Tito Mboweni

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Tito Mboweni (2011)

Tito Titus Mboweni (born March 16, 1959 in Bordeaux near Tzaneen ) is a South African politician . He is a member of the African National Congress (ANC) and has been Minister of Finance in the Ramaphosa I and Ramaphosa II cabinets since October 9, 2018 . From 1994 to 1998 he was Minister of Labor in the Mandela cabinet , and from 1999 to 2009 Governor of the South African Reserve Bank .

Life

Tito Mboweni grew up as the youngest of three children in a village near Tzaneen. His grandfather was killed in the sinking of the Mendi in World War I. He studied for a Bachelor of Commerce at the University of the North from 1979 to 1980 before going into exile in Lesotho . There he studied at the National University of Lesotho , joined the ANC and earned a Bachelor of Arts (hons) in Economics and Political Science in 1985 . In 1987 he received a Master of Arts in Development Economics from the University of East Anglia .

He returned to South Africa in the early 1990s. Until 1994 he was deputy head of the Department of Economics Policy at the ANC. In 1994 he was appointed labor minister in the Mandela cabinet, where he co-determined legislation for the labor market after the end of apartheid . From 1997 to 1998 he headed the Policy Department of the ANC. He was then appointed advisor to the governor of the South African Reserve Bank , which he headed as governor from 1999 to 2009. In 2002 he also became Chancellor of North-West University (until 2005), and from 2002 to 2005 he taught as an honorary professor at the University of Stellenbosch . After 2009 he was, among other things, Chairman of the Board of Directors of Anglogold Ashanti (until 2014) and Nampak and, from 2010, advisor to Goldman Sachs International . In 2015 he became an honorary professor at the School of Economics and Business Science at the University of the Witwatersrand . He also founded the company Mboweni Brothers Investment Holding with his brother Alto Mboweni (after Tito Mboweni's departure, Mboweni Investment Holding ). From 2015 to 2017 he was non-executive director of the New Development Bank , the development bank of the BRICS countries .

In 2018, Mboweni replaced the resigned Finance Minister Nhlanhla Nene . Since then, Mboweni has been an ex officio member of the World Bank's board of directors and one of the governors of the New Development Bank .

Mboweni is regarded as an internal party supporter of President Cyril Ramaphosa , but also as unadjusted.

In January 2019, he opposed the abolition of Afrikaans as a teaching language at the University of Pretoria . In July 2019, Mboweni announced that it was preparing to set up a state bank for private customers. In doing so, he meets a demand from the Economic Freedom Fighters .

In January 2020, Mboweni became the first member of a South African cabinet after the end of apartheid to propose that South Africa and Lesotho be united into one state . The reactions to this proposal were partly negative and partly positive in both countries.

Mboweni has three children.

Awards

2001: Honorary Doctorate from the University of Natal

Web links

Individual evidence

  1. ↑ An 'exile kid' who loves curry and fly-fishing - 15 things you didn't know about Tito Mboweni. businessinsider.co.za, October 9, 2018, accessed July 31, 2019
  2. ↑ a b c d Tito Mboweni gov.za (English), accessed on July 30, 2019
  3. ↑ Kevin Ritchie: Tito Mboweni - haunted by memory of his grandfather. iol.co.za, February 7, 2017, accessed July 31, 2019
  4. ↑ a b c d Tito Mboweni anc.org.za (English; archive version)
  5. ↑ Tito Mboweni. ekon.sun.ac.za (English), accessed on July 31, 2019
  6. ↑ Sunita Menon: Tito Mboweni: from the reserve bank to the treasury. businesslive.co.za, October 9, 2018, accessed July 31, 2019
  7. ↑ Alec Hogg: Maverick Tito Mboweni freewheeling on Budget 2019 - Eskom mess, and more. biznews.com of February 20, 2019 (English), accessed July 31, 2019
  8. ↑ ongezwa.zibi: Mboweni disagrees with phasing out Afrikaans. msn.com from January 25, 2019 (English)
  9. ↑ Bezekela Phakathi: Government going ahead with state-owned bank, says Tito Mboweni. businesslive.co.za, July 11, 2019, accessed July 31, 2019
  10. ↑ Mboweni sparks reaction after calling for SA and Lesotho to remove the border. ewn.co.za on January 13, 2020, accessed on January 13, 2020
  11. ↑ Liesl Louw-Vaudran: Lesotho's future no clearer as Tom Thabane resigns. Institute for Security Studies January 21, 2020, accessed January 21, 2020
personal data
SURNAME Mboweni, Tito
ALTERNATIVE NAMES Mboweni, Tito Titus (full name)
BRIEF DESCRIPTION South African politician, bank manager and economist
DATE OF BIRTH March 16, 1959
PLACE OF BIRTH Bordeaux at Tzaneen