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Business leaders remember Mboweni as self-starter, resolute

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He leaves a legacy as a champion of labour rights, fiscal and monetary reform and prudent government spending

’s effect on monetary policy, labour legislation and public finance is being remembered as a cornerstone of post-apartheid South Africa.

Mboweni’s contributions — political and economic — spanned the almost 30 years he was in public service. “He was very blessed to start many things. He was not a maintenance guy; he started things from scratch.” “What we shouldn’t overlook is the workers’ rights that were established and entrenched through his policy action,” Saville said. “When he became governor, he was the first black person to have his signature on our money,” Mohale said gleefully.

Mboweni was governor for 10 years, until 2009. He then took a break from active politics, although he remained a member of the ANC. He proposed a three-year wage freeze for public servants from 2020 to rein in government expenditure and debt.

 

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