Former South African Finance Minister Tito Mboweni Passes Away at 65
Tito Mboweni, the former South African finance minister and first black governor of the South African Reserve Bank (SARB), has died at the age of 65, his family confirmed. Mboweni passed away in Johannesburg on Saturday, October 12, 2024, following a short illness, surrounded by loved ones.
Mboweni was a prominent figure in South Africa’s political landscape, having served as labour minister under Nelson Mandela from 1994 to 1999 and as finance minister from 2018 until his retirement in 2021 under President Cyril Ramaphosa.
Mboweni’s contributions to South Africa’s financial stability and policy-making during his tenure remain significant, and his death has left a deep void in the nation’s political and economic circles. Many tributes have poured in from across the political spectrum, praising his service and dedication to South Africa’s economic progress.
Further details about funeral arrangements and tributes from the government are expected in the coming days.
