WHAT IT MEANS WHAT IT MEANSReserve Bank governor Tito Mboweni's departure from the Bank - but more specifically the Monetary Policy Committee (MPC) - marks a departure of a distinct kind of leadership. "He used leadership rather than power," is how Renosi Mokate, deputy governor and MPC member for the past five years, describes his style of leadership at the committee whose work is arguably the most visible by the bank.She says Mboweni could have used his power as chair of the committee to simply impose his will. Instead, he allowed members to apply their minds, make their input and reach decisions by consensus. Mokate also has praise for the way in which Mboweni allowed space for the bright technocrats, who provide the committee with information, to develop their own approach. Yet he was always at hand to ensure that the information provided is technically sound. He was also willing to push and provide guidance using his lessons and observations from his work at forums such as th...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.