Tito Mboweni — from the Reserve Bank to the Treasury
Mboweni has a long history with the ANC and was the first black governor of the Reserve Bank
Nearly 10 years after heading the South African Reserve Bank, Tito Mboweni has been appointed finance minister. Mboweni, the Bank's first black governor, led it for a decade until 2009, succeeding Chris Stals. Under his leadership, SA’s foreign exchange reserves quadrupled. In February, ahead of Ramaphosa's cabinet reshuffle, Mboweni tweeted that he was not available for the position of finance minister.
He has a long history with the ANC, which saw him leave for Lesotho in the 1980s, to live in exile. Following his return to SA in the early 1990s, he was appointed deputy head of the ANC’s department of economic policy and was elected to the ANC national executive council, and also became a member of the national working committee of the ANC. He was appointed minister of labour in 1994. Three years later, he became head of the ANC’s policy process. He boasts a masters in development economics from the University of East Anglia in England...
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