Tito Mboweni: A Respected South African Finance Minister

Early Life and Career

Tito Titus Mboweni was born on March 16, 1959, in Tzaneen, South Africa. He graduated from the University of the North with a Bachelor of Arts in Economics and Political Science. After graduating, he worked as a researcher for the South African Reserve Bank and the African National Congress (ANC).

Political Career

Mboweni entered politics in 1994 when he was elected to the South African Parliament. He served as Minister of Labor from 1994 to 1999 and Minister of Finance from 1999 to 2009. During his tenure as Finance Minister, he oversaw the implementation of several major economic reforms, including the introduction of the value-added tax (VAT).

Governor of the South African Reserve Bank

In 2009, Mboweni was appointed Governor of the South African Reserve Bank. He served in this role until 2014. During his tenure as Governor, he oversaw the implementation of several monetary policy initiatives, including the introduction of inflation targeting.

Later Career

After leaving the South African Reserve Bank, Mboweni served as a non-executive director of several companies, including MTN Group and SABMiller. He was also a member of the board of directors of the International Monetary Fund (IMF).

Awards and Recognition

Mboweni has received numerous awards and accolades for his work in economics and finance. In 2004, he was awarded the Order of the Baobab for his contributions to the economic development of South Africa. He has also been awarded honorary doctorates from several universities.

Personal Life

Mboweni is married to Charlotte Mboweni. They have three children. He is a passionate golfer and enjoys playing the saxophone.

Tito Mboweni Wiki