Getting To Know Minister of Finance Tito Mboweni

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Mr Tito Mboweni was born in the 16th of March 1959 in Tzaneen, Limpopo province. He was the third and last child in his family. Mboweni,was appointed finance minister on October 9, has been consistent in updating his twitter feed since returning to government.

Over the past weekend he put out a call to South Africans to share tips on what they would like to hear in the mini budget, which he will deliver on Wednesday. On Sunday evening he tweeted again, this time about his return to government which does not seem to have made the shift to digital.

Plainview Daily News

South African President Cyril Ramaphosa, left, shakes hand with newly elected Finance Minister, Tito Mboweni, in Cape Town, South Africa, Tuesday, Oct.9 2018. Former finance minister Nhlanhla Nene resigned after acknowledging missteps during the scandal-tainted tenure of former president Jacob Zuma. (AP Photo)

Getting to know Mr Mboweni 
  • After completing his matric, Tito Mboweni registered with the University of the North to study Bachelor of Commerce in 1979. However, because of his political involvement against the Apartheid government, he left for exile in Lesotho in 1980.
  • While in Lesotho, he joined the African National Congress (ANC) and studied Bachelor of Arts (honours equivalent) majoring in Political Science and Economics with the National University of Lesotho.
  • In 1987 he studied for a Master of Arts degree in Development Economics with the University of East Anglia in England.
  • Mboweni returned to South Africa in the 1990s. He was appointed deputy head of the ANCs Department of Economic Policy. He also served as a representative of the ANC in domestic and international platforms.
  • Mboweni was also elected to the ANC National Executive Council and became member of the National Working Committee of the ANC. In 1994 he was appointed Minister of Labour by President Nelson Mandela.
  • In 1995, he was honoured by becoming one of the World Economic Forum’s Global Leaders of Tomorrow. In 1997 he became Head of ANC’s policy process. His responsibilities were to manage and guide the party’s policy making process.
  • The following year in 4 July 1998, Government announced unexpectedly that Tito Mboweni would succeed Dr Chris Stals as President of the South African Reserve Bank in August 1999.
  • Mboweni joined the Reserve Bank in July 1998 as an Adviser to Governor Dr C Stals.
  • Before taking this office, Mr Mboweni resigned from all his political offices to avoid any political influence in his new post. In August 1999 he became governor of the Reserve Bank.
  • After taking this office he visited his counterparts in Europe, Asia, Africa and America to learn a few things about his new job.
Tito Mboweni’s university honours
  • 2000 – 2003, Honorary Professor of Economics, University of South Africa.
  • Awarded Degree of Doctor of Economics, honoris causa, by the University of Natal.
  • Elected Chancellor, University of North-West and installed as Chancellor in February 2002.
  • 2002 – 2005, appointed Professor Extraordinary in Economics, University of Stellenbosch.

Source: SA History , Fin24

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Matshepo is a Junior Journalist at OStudio Post.

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