BACK IN THE HOT SEAT
The return of the governor
Delight but some trepidation that Tito Mboweni, a bold, outspoken candidate, is set to take up the reins at the Treasury
The markets have reacted positively to former SA Reserve Bank governor Tito Mboweni’s appointment as finance minister. An independent thinker, who doesn’t suffer fools and railed against the forces of state capture, Mboweni is likely to be SA’s most colourful and opinionated finance minister since Trevor Manuel. But Mboweni’s appointment, after the resignation of the embattled Nhlanhla Nene, is still something of a surprise given his low profile compared to other prime contenders such as Bank governor Lesetja Kganyago and former deputy finance minister Mcebisi Jonas. Perhaps neither wanted the job. Mboweni, on the other hand, seems to have been champing at the bit to return to public life ever since leaving the Bank in 2009. During the state capture years he occasionally took to Facebook to rant at those attempting to subvert the state. His most acerbic retort was aimed at ANC deputy secretary-general Jessie Duarte for asserting that the Bank’s private shareholders compromised its a...