Tito Mboweni

Tito Mboweni
Mboweni speaking at the World Economic Forum on Africa, 2011
Governor of the South African Reserve Bank
In office August 1999 – November 2009
Preceded by	Chris Stals
Succeeded by	Gill Marcus
Minister of Labour
In office 1994–1999
President	Nelson Mandela
Personal details
Born	Tito Titus Mboweni (1959-03-16) 16 March 1959 (age 58) Tzaneen
Alma mater	National University of Lesotho University of East Anglia

Tito Titus Mboweni (born 16 March 1959) was the eighth Governor of the South African Reserve Bank and the first black South African to hold the post. He succeeded Dr. Chris Stals on 8 August 1999 and was succeeded by Gill Marcus who replaced him as Governor on 9 November 2009. He is currently a founder member of Mboweni Brothers Investment Holdings and international advisor of Goldman Sachs International. He has been appointed as a non executive Director for South Africa at the New Development Bank (BRICS Development Bank).

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 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 current 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 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 ANC. He also represented the ANC on several domestic and international platforms. Tito 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. While Minister of Labour Mboweni was the architect of South Africa's post-Apartheid labour legislation.