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Tito Mboweni, the first black governor of the South African Reserve Bank and later finance minister has passed away.
Mboweni passed away “in a hospital in Johannesburg surrounded by his loved ones” on Saturday, according to local media reports.
South African President Cyril Ramaphosa expressed sorrow over the loss of a leader who championed economic innovation and labour rights.
Mboweni was an anti-apartheid activist who spent nearly a decade in exile in Lesotho and obtained a Master’s degree from the University of East Anglia in the UK.
Upon returning to South Africa in 1990, he became the first labour minister under Nelson Mandela and played a part in shaping post-apartheid labour laws.
Known for his principled stance and openness to debate, he gained public affection for his humble attire and engaging personality.
Mboweni served as governor for ten years and was recognized for successfully controlling inflation, earning accolades like “Central Bank Governor of the Year.”
After his tenure at the Reserve Bank, he worked with Goldman Sachs as an international adviser.
As finance minister from 2018 to 2021, he played a crucial role in stabilizing the economy, despite earlier expressing a desire for new leadership.
In his later years, he became popular for his humorous cooking posts and interactions with followers, reflecting a laidback lifestyle.
One X follower remarked after learning of Mboweni’s death, “He’s left shoes too big to fill”.
More: <a href="https://www.pindula.co.zw/">Pindula News</a>

Pindula News

Tito Mboweni, a well-known leader in South Africa, passed away. He was the first black governor of the Reserve Bank and later became finance minister. Mboweni was popular for his economic ideas and support for workers. He spent time in exile and studied in the UK before returning to help shape the country’s laws. He was loved for his simple style and engaging personality. Mboweni served for ten years as a governor and later worked as an adviser. He was finance minister from 2018 to 2021, helping to stabilize the economy. He was also known for his fun cooking posts online. His followers say he will be missed.

Tito Mboweni, South Africa’s Former Central Bank Chief And Finance Minister Has Died

The bank account of South Africa’s former finance minister Tito Mboweni was hacked by thieves who stole R19 000 from him on Saturday night.
Mboweni told <a href="https://www.sowetanlive.co.za/news/south-africa/2022-10-02-hackers-raid-tito-mbowenis-bank-account/">Sowetan</a> on Sunday that the money was taken from his cheque account but he refused to disclose the name of the bank. Said Mboweni:
<blockquote>
Somebody hacked into my cheque account and started taking money out. I noticed this around 7pm. My banking app informs me when there are transactions in my account. So there were transactions that had nothing to do with me. 
This is a banking matter. It is being dealt with by the bank. The bank has its own fraud squad and they are dealing with that. Let’s leave the matter there.
</blockquote>
Mboweni refused to disclose if the money was taken all at once saying he did not want to be interrogated about a personal issue adding “I have given you enough information.”
Mboweni said the concerned bank was investigating the incident and he didn’t see the need to open a case with the police.
<h2><a href="https://zero.pindula.co.zw/">Pindula News</a></h2>

South Africa: Bank Of Former Finance Minister Tito Mboweni Hacked And Raided

The South African government is working on extending a short-term credit facility to Zimbabwe in the region of R100-million (US$7 211 600,92). This was revealed by South Africa’s Finance Minister Tito Mboweni in an interview with The Daily Maverick.
The credit facility comes after South Africa refused to offer Zimbabwe a $1,2 billion bailout package in a separate request. The Daily Maverick report reads in part:
<blockquote>Mboweni said Zimbabwe had provided collateral for this loan in the form of its holding of South Africa Land Bank bills. The extension of this facility depended on Zimbabwe being able to provide further collateral. Mboweni insisted that Zimbabwe had always repaid its loans under this facility in the past.</blockquote>
Concerning the $1,2 billion requested by Zimbabwe and was turned down by South Africa, South Africa’s Treasury spokesperson, Jabulani Sikhakhane said:
<blockquote>There was a meeting in December where a request for $1,2 billion was made and obviously South Africa does not have that kind of money. It (the meeting) could have been towards the end of December (2018) around the 20th or somewhere there. We don’t have the money, it is just that simple.</blockquote>
Since assuming office in November 2017, President Mnangagwa has reportedly failed to get any form of financial bailout from China or Russia.
<h2>Related:</h2>
<ul>
<li class="entry-title">
<h3><a href="https://news.pindula.co.zw/2019/01/21/south-africa-plans-to-extend-short-term-credit-to-zimbabwe-ramaphosa-mnangagwa-in-constant-touch-mboweni/">South Africa Plans To Extend Short-Term Credit To Zimbabwe; Ramaphosa, Mnangagwa In Constant Touch – Mboweni</a></h3>
</li>
<li class="entry-title">
<h3><a href="https://news.pindula.co.zw/2019/01/21/we-dont-have-that-kind-of-money-sa-speaks-on-zimbabwes-1-2-billion-request/">“We Don’t Have That Kind Of Money”, SA Speaks On Zimbabwe’s $1.2 Billion Request</a></h3>
</li>
</ul>
<h3>More: <a href="https://www.newsday.co.zw/2019/01/sa-working-on-bailout-package-for-zimbabwe/">Newsday</a></h3>

SA Offers Zim $7 Million After Turning Down $1,2 Billion Request

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