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Former finance minister Tito Mboweni dies following short illness

The Mboweni family issued a statement just after 10pm on Saturday night confirming that Tito Mboweni - ANC stalwart, former finance minister and former governor of the South African Reserve Bank - had died following a short illness.
Former finance minister Tito Mboweni dies following short illness

“The family is devastated by Governor Mboweni’s passing after a short illness. He passed away in hospital in Johannesburg on Saturday night surrounded by his loved ones,” reads the statement by Mboweni’s brother, Alto.

Further details will be released over the next few days.

An illustrious career


Mboweni (65) had an impressive CV in the new South Africa. He started out as labour minister under former president Nelson Mandela’s reign in 1994. He was the eighth governor of the SA Reserve Bank and the first black governor, serving for 10 years after his appointment in 1999.

In 2010, he entered the private sector as an international adviser to Goldman Sachs and held several director positions, including chair of AngloGold Ashanti.

In October 2018, he returned to public service as finance minister under President Cyril Ramaphosa and resigned in August 2021.

Read more in Daily Maverick: Mboweni’s sudden death highlights an enormous contribution and a sad loss

Well-loved on X (Twitter), where he became infamous for his recipe posts - including a traditional, simple meal of tinned pilchards - he last posted a meal on 23 September, with the simple statement: “This is how it ended. I enjoyed them bones. Home-cooked meals are great.”

His death comes barely a month after the passing of another ANC freedom fighter titan, Pravin Gordhan, who also served as finance minister. DM

Comments

Noel Heath Oct 13, 2024, 05:49 AM

Rest in Peace...A real gentleman!

dredges.girder0m Oct 13, 2024, 05:57 AM

Thank you for your services, your recipes, humour and ethics. May you rest in peace.

Auke Van Der Meulen Van Der Meulen Oct 13, 2024, 06:45 AM

He delivered great service to South Africa. Thank you!!! Rest in peace

seanbozalek53 Oct 13, 2024, 12:57 PM

Rip Tito Mboweni ,an enlightened leader , condolences to his family.

ttshililo2 Oct 13, 2024, 07:06 AM

He ushered in brilliant labour laws post apartheid in the labour ministry and was an enlightened governor of the SARB- one of the few honest comrades. RIP.

David C Oct 13, 2024, 05:22 PM

In later years he stated that he regretted his role in drafting the Labour Act, & admitted that it made SA uncompetitive, enabled graft, corruption and entitlement in the Public Service and swung the balance between Capital and Labour far too much in favour of Labour. A mighty tree has fallen.

ttshililo2 Oct 13, 2024, 07:49 PM

Being embraced by the South African private sector (with an infinite history of blk exploitation) along with fat board fees and a growing personal balance sheet would of course make him regret such laws. He did brilliantly in that ministry despite his alleged regrets.

David C Oct 13, 2024, 08:15 PM

His "alleged regrets" were his own words, and he expressed them at a lecture in 2008, a year before he completed his tenure as Reserve Bank Governer. He realised South Africans of all colours would have been better off without the ingrained socialist dogma of the Labour Act.

ttshililo2 Oct 13, 2024, 09:07 PM

That “ingrained socialist dogma” (whatever that mean) has given millions dignity and lifted, the exploited majority, from feudal serfdom- that is not alleged, but a fact.

Noelsoyizwap Oct 13, 2024, 07:18 AM

Have missed your independent mind in our politics. May you Rest in peace

Lil Mars Oct 13, 2024, 09:26 AM

Rest in peace. Condolences to the family. A great South African.

Arnold O Managra Oct 13, 2024, 01:51 PM

Condolences and RIP. One of the genuine good guys.

jimcob Oct 13, 2024, 01:58 PM

I knew Tito in Lesotho, and last saw him when he was Minister of Labour and showed up in his old leather jacket at a talk I was giving at an academic conference. He was one of the greats of his generation who had represented the ANC well in exile. South Africa deserves more leaders of his quality.

ttshililo2 Oct 13, 2024, 07:44 PM

Being embraced by the South African private sector (with an infinite history of blk exploitation) along with fat board fees and a growing personal balance sheet would of course make him regret such laws. He did brilliantly in that ministry despite his alleged regrets.