SA former finance minister Tito Mboweni during his budget speech in parliament.
(The Post News)– Namibian president Nangolo Mbumba expressed deep sadness upon learning about the death of Tito Mboweni, the former minister of finance and central bank governor of South Africa.
The South African president Cyril Ramaphosa announced on Saturday that Mboweni passed away in Johannesburg following a short illness. Mboweni had reached the age of 65.
Mboweni held the position of finance minister in the country from October 2018 until August 2021. Prior to that, he acted as the Sarb’s eighth governor in South Africa from 1999 until 2009.
In July 1998, he started working at the bank as an advisor to the governor. Mboweni also acted as the minister of labor in Nelson Mandela’s cabinet from May 1994 to July 1998 and previously held the position of deputy head of the economic policy department in the ANC.
The death of Tito Mboweni deeply saddens the people of South Africa and Africa in general. Mbumba stated on Sunday that he demonstrated African excellence by being the initial black governor of the South African Reserve Bank in a post-apartheid and independent South Africa.
Mboweni, a respected policymaker and expert in finance and economics, made significant contributions to South Africa’s economic progress in various roles such as minister, central banker, and in the private sector. Mbumba commented that his life was dedicated to serving the people of South Africa and the region, starting from his time as an ANC member fighting against apartheid.
Mbumba expressed his heartfelt sympathies to President Cyril Ramaphosa, the grieving Mboweni family, and the people of South Africa as they mourn the passing of a Mboweni.
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