Mboweni passed away in hospital on Saturday evening.Former finance minister and Reserve Bank governor Tito Mboweni has died.The Mboweni family said they are devastated by the former ministers death.
“It is with deep sadness that the Mboweni Family announces the passing of Former Reserve Bank Governor and Minister of Finance Tito Titus Mboweni. “The family is devastated by Governor Mboweni’s passing after a short illness. He passed away in hospital in Johannesburg on Saturday night surrounded by his loved ones.His brother Alto said the family has requested privacy at this difficult time as they come to terms with this “enormous loss.”Ramaphosa has conveyed his condolences to the family and friends of the former minister.
“Given his sense of vitality and energetic and affable engagement with fellow South Africans, Dr Mboweni’s passing at 65 comes as a shock. We have lost a leader and compatriot who has served our nation as an activist, economic policy innovator and champion of labour rights.Ramaphosa said the former reserve bank governor distinguished himself in different strategic roles in the private sector and was “a flag bearer in global forums for our economy and developing economies more broadly.
“He conducted himself with expert rigour while maintaining the personable touch that made him a social media star and ambassador for Modjadjiskloof’s culinary traditions.Mboweni was the democratic South Africa’s first Minister of Labour from 1994 to 1999 in the Cabinet of Founding President Nelson Mandela.