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South African Reserve Bank

Mr Tito Titus Mboweni 


TERM SERVED IN OFFICE: 8 August 1999 – 8 November 2009
The youngest of three children, Tito Mboweni was born on 16 March 1959. He grew up in Tzaneen in the Northern 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, he joined the African National Congress (ANC), South Africa’s governing party, and was an activist for the party in many capacities.
He obtained a Bachelor of Arts (honours equivalent) degree in economics and political science from the National University of Lesotho in 1985. In 1987 he obtained a Master of Arts degree in development economics from the University of East Anglia in England. Mr. Mboweni was Minister of Labour from May 1994 to July 1998 in President Nelson Mandela’s cabinet. Prior to his appointment as Minister of Labour, Mr. Mboweni was Deputy Head of the Department of Economic Policy in the ANC. He also represented the ANC on several domestic and international platforms.
Mr 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. Mr Mboweni became one of the World Economic Forum’s Global Leaders of Tomorrow in 1995. In 1997 Mr Mboweni was appointed head of the ANC’s Policy Department which was responsible for managing ANC policy processes. Upon joining the Reserve Bank, he resigned all of his elected and appointed positions in the ANC.
He joined the Reserve Bank in July 1998 as Advisor to the Governor. In August 1999 he was appointed Governor of the Bank. During his tenure, he was appointed honorary Professor of Economics at the University of South Africa from 2000 to 2003. In 2001, the University of Natal awarded Mr Mboweni the degree of Doctor of Economics, honoris causa. Mr Mboweni was also elected Chancellor of the University of the North-West and installed as Chancellor on 23 February 2002. The University of Stellenbosch appointed him Professor Extraordinary in Economics for the period 1 April 2002 to 31 March 2005.
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