Оңтүстік Африка саяхатшысы Тито Мбовенидің мансабы

South African politician

Tito Titus Mboweni He has been appointed as a non executive Director for South Africa at the New Development Bank (BRICS Development Bank).

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.

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, 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. He also served as chairman of bullion producer AngloGold Ashanti, among other company directorships. following Nhlanhla Nene's resignation. From the beginning of his tenure Mboweni often found himself at odds with the ruling ANC policy and ideology. The ruling ANC has always inclined itself towards socialist policies, a stance which has been viewed as a form of appeasing its alliance partners, the South African Communist Party and COSATU. On the other hand, Mboweni has continuously proffered liberal solutions such as his 2019 economic recovery growth plan which has been rejected by SACP and COSATU. His economic growth plan was widely criticised in the Public Sector. In an opinion piece, Telkom Group CEO Sipho Maseko slammed Mboweni's proposed reforms for the ICT sector, particularly plans related to the rollout of spectrum, as being "ill thought out". However the response was different in the private sector, CEO of Bridgement Daniel Goldberg during his Sage tour to Cape Town, Johannesburg, and Durban hailed the plan, saying "it will improve the rate at which big state owned enterprises pays its suppliers consequently increasing efficiency in the economy. Phumlani Majozi in his opinion piece on Finance 24 argued that "Mboweni's ideas on how to revamp this economy, presented in his recent paper, titled "Economic Transformation, Inclusive Growth and Competitiveness: Towards an Economic Strategy for South Africa", are what will get this country back on track." In June 2020, Mboweni proposed a new austerity policy, to cut the state's wage bill of R160.2 billion over three years and to adopt a Zero based budget system in order to avoid a sovereign debt crisis in 2024. On 5 August 2021, Mboweni resigned as finance minister. He was succeeded in the post by Enoch Godongwana.

On 31 January 2022, Mboweni resigned as an ANC Member of the National Assembly to take up a position in the private sector. He has been appointed as chairman and independent non executive director of Accelerate, a property fund company.

In August 2020, President Cyril Ramaphosa “strongly reprimanded” Mboweni over comments he made on Twitter about the dismissal of Zambia’s central bank governor Denny Kalyalya. In a statement, the presidency explained that “in one of his tweets, Minister Mboweni is promising to mobilise if not given reasons why the Central (bank) Governor has been fired,” citing the need for central bank independence.

In 2017 he was the subject of a song by South African rapper Cassper Nyovest in which Tito Mboweni's name is included 75 times in the 4 minute song, with his name invoked to refer to the creation and ownership of money as his signature is included on the Rand note.