Tito Mboweni
Tito Mboweni was born in Tzaneen, Limpopo, South Africa on March 16th, 1959 and is the Politician. At the age of 65, Tito Mboweni biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
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Titus Mboweni (born 16 March 1959) is South Africa's current Minister of Finance.
Mboweni was the eighth governor of the South African Reserve Bank and the first Black South African to hold the office.
Following Nhlanhla Nene's departure, Mboweni Brothers Investment Holdings' founder and international advisor Goldman Sachs International was sworn in as Minister of Finance on October 9, 2018.
He has been named as a non executive director at the New Development Bank for South Africa. (BRICS Development Bank, BRICS Development Bank).
Early life and career
The youngest of three children, Tito Mboweni was born on 16 March 1959. He grew up in Tzaneen in the Limpopo Province. He attended the University of the North between 1979 and 1980, where he registered for a Bachelor of Commerce degree. He did not complete his studies there and left South Africa to go into exile in 1980.
While in exile in Lesotho, Mboweni joined the African National Congress (ANC), South Africa's current governing party, and was an activist for the party in many capacities. He obtained a Bachelor of Arts (Hons) in economics and political science from the National University of Lesotho in 1985. In 1988 he obtained a Master of Arts in Development Economics from the University of East Anglia in England.
Political career
Prior to his appointment as Minister of Labour, Mboweni was Deputy Head of the Department of Economic Policy in the ANC. He also represented the ANC on several domestic and international platforms. Mboweni was a member of the ANC's National Executive and National Working Committees and was also Chairperson of the National Executive Committee's Economic Transformation Committee, which coordinated the development of ANC economic policies.
Mboweni served as Minister of Labour from May 1994 to July 1998 in South African President Nelson Mandela's cabinet. While Minister of Labour Mboweni was the architect of South Africa's post-Apartheid labour legislation, which allowed for collective bargaining and the establishment of labour courts. He became one of the World Economic Forums Global Leaders of Tomorrow in 1995.
In 1997 Mboweni was appointed head of the ANC's Policy Department which was responsible for managing ANC policy processes. Upon joining the South African Reserve Bank, he resigned all of his elected and appointed positions in the ANC.
Mboweni joined the South African Reserve Bank in July 1998 as Advisor to the Governor. On 8 August 1999 he succeeded Dr. Chris Stals as Governor of the Reserve Bank. As governor, he oversaw the launch of the inflation targeting policy to help the bank achieve price stability and dealt with the rand's plunge due to global and local events.
During his tenure, Mboweni was appointed honorary Professor of Economics at the University of South Africa for 2000 to 2003. The Governor was also elected Chancellor of the University of the North-West and was installed as Chancellor on 23 February 2002. The University of Stellenbosch appointed the Governor Professor Extraordinary in Economics for the period 1 April 2002 to 31 March 2005.
Career in the private sector
In June 2010, Mboweni was appointed an International Adviser of Goldman Sachs International, where he provided strategic advice to the firm on business development opportunities, with a particular focus on South Africa and Sub-Saharan Africa. He also served as chairman of bullion producer AngloGold Ashanti, among other company directorships.