Former South Africa Finance Minister Dies at 65

Tito Mboweni, a pivotal figure in South Africa’s transition to democracy, has passed away at the age of 65. The presidency announced his demise late on Saturday, following a brief illness.

Mboweni’s remarkable journey began as an anti-apartheid activist during his student days. His unwavering commitment to equality and justice paved the way for his future roles in shaping South Africa’s democratic landscape.

In 1994, Mboweni made history as democratic South Africa’s first labour minister, serving under the iconic President Nelson Mandela. His tenure lasted until 1999, leaving an indelible mark on the country’s labour laws.

Mboweni’s next chapter began in 1999 as governor of the South African Reserve Bank, a position he held for a decade. His leadership oversaw significant economic reforms.

One of Mboweni’s most notable achievements was introducing inflation targeting to ensure price stability. This strategic move helped stabilize South Africa’s economy.

In 2018, Mboweni took on the role of finance minister under President Cyril Ramaphosa. His expertise guided the country’s economic policy.

The African National Congress (ANC) hailed Mboweni as a trusted voice in economic debates. His contributions during apartheid’s twilight hours were instrumental in shaping South Africa’s democratic future.

Mboweni played a crucial role in establishing post-apartheid labour legislation. His work laid the groundwork for collective bargaining and labour courts.

President Ramaphosa mourned Mboweni’s passing, describing him as a “leader and compatriot.” He praised Mboweni’s tireless efforts as an activist, economic policy innovator, and champion of labour rights.

Mboweni’s legacy extends beyond his impressive resume. He leaves behind a nation grateful for his dedication to equality, justice, and economic stability.