Background
The youngest of three children, Tito Mboweni was born on 16 March 1959. He grew up in Tzaneen in the then Transvaal Pronvince.
The youngest of three children, Tito Mboweni was born on 16 March 1959. He grew up in Tzaneen in the then Transvaal Pronvince.
He attended the University of the North between 1979 and 1980, where he registered for a Bachelor of Commerce degree.
He succeeded Doctor Chris Stals on 8 August 1999 and was succeeded by Gill Marcus who replaced him as Governor on 9 November 2009. He has been appointed ad a non executive Director for South Africa at the New Development Bank (BRICS Development Bank). He did not complete his studies there and left South Africa to go into exile in 1980.
He obtained a Bachelor of Arts (honours equivalent) degree in economics and political science from the National University of Lesotho in 1985.
In 1988 he obtained a Master of Arts degree in Development Economics from the University of East Anglia in England. Tito Mboweni was Minister of Labour from May 1994 to July 1998 in South African President Nelson Mandela"s cabinet.
Prior to his appointment as Minister of Labour, he was Deputy Head of the Department of Economic Policy in the African National Congress. He also represented the African National Congress on several domestic and international platforms. 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 Tito Mboweni was appointed head of the African National Congress"s Policy Department which was responsible for managing African National Congress policy processes. Upon joining the South African Reserve Bank, he resigned all of his elected and appointed positions in the African National Congress. He joined the South African Reserve Bank in July 1998 as Advisor to the Governor. In August 1999 he was appointed Governor of the South African Reserve Bank.
During his tenure, he was appointed honorary Professor of Economics at the University of South Africa for 2000 to 2003.
The University of Natal awarded the Governor the degree of Doctor of Economics, honoris causa. The degree was conferred on him in 2001.
The Governor was also elected Chancellor of the University of the North-West and was installed as Chancellor on 23 February 2002. The University of Stellenbosch appointed the Governor Professor Extraordinary in Economics for the period 1 April 2002 to 31 March 2005.
Asia School of Business appointed Mboweni to its Board of Governors in 2015.
In June 2010, Mboweni was appointed an International Adviser of Goldman Sachs International, where he provides strategic advice to the firm on business development opportunities, with a particular focus on South Africa and Sub-Saharan Africa.
While in exile in Lesotho, he joined the African National Congress (African National Congress), South Africa"s current governing party, and was an activist for the party in many capacities.
Tito Mboweni was a member of the African National Congress"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 African National Congress economic policies.