Tito Titus Mboweni

Balisi-Bonyongo
Balisi Bonyongo
September 22, 2016
Nicholas Oppenheimer
Nicholas Oppenheimer
September 4, 2016

Tito Titus Mboweni

Tito-Mboweni
  • Company: AngloGold Ashanti (Former Chairman 2010-2014)
  • Year of birth: 1959
  • Last known country of residence: South Africa

Main achievements in the field: Appointed as an International Adviser of Goldman Sachs International, providing strategic advice on business development opportunities, particularly in South Africa and Sub-Saharan Africa.Previous places of work: Governor of the Reserve Bank of South Africa (1999-2009); South African Minister of Labour (1994-1998); African National Congress (ANC) Deputy Head of the Department of Economic Policy.

Background

Tito Mboweni grew up in Tzaneen in the former Transvaal Province, South Africa. He attended the University of the North between 1979 and 1980, where he registered for a Bachelor of Commerce degree. He went into exile in Lesotho in 1980 and as such did not complete his studies at the University of the North.While in exile, he joined the African National Congress (ANC) and became an ardent activist. He obtained a Bachelor of Arts degree in economics and political science from the National University of Lesotho in 1985. He obtained a Master of Arts degree in Development Economics from the University of East Anglia in England in 1988.

Career

In 1999, Tito Mboweni was the eighth Governor of the South African Reserve Bank and the first person of colour to hold the post. He is a founder member of Mboweni Brothers Investment Holdings and was appointed as a non-executive Director for South Africa at the New Development Bank (BRICS Development Bank).

Mboweni was the architect of South Africa’s post-apartheid labour legislation. He also represented the ANC on various multinational platforms. He was a member of the ANC's National Executive and National Working Committees and Chairperson of the National Executive Committee's Economic Transformation Committee, which coordinated the development of ANC economic policies.

He was named one of the World Economic Forum’s Global Leaders of Tomorrow in 1995. Upon joining the South African Reserve Bank in 1998, he resigned from all his political appointments.

He started out as Advisor to the Governor until his appointment as Governor in 1999. He joined AngloGold Ashanti in 2010 and served as Chairman until 2014. In an interview with Business Day following his resignation from AngloGold Ashanti, Mboweni said "I leave AngloGold Ashanti as a fundamentally stronger, stable and focused business. It’s been a privilege to help establish such a firm foundation for the company alongside an accomplished executive team and an experienced board, all of whom continue to work diligently in the best interests of the business."

The Tourism Business Council of South Africa (TBCSA) elected Mboweni, as the Chairman of its Board of Directors in 2016.

Academic Achievements

During his tenure at the South African Reserve Bank, he was appointed honorary Professor of Economics at the University of South Africa from 2000 to 2003. He was awarded an honorary doctorate in Economics from the University of Natal in 2001. He was elected Chancellor of the University of the North-West in 2002. The University of Stellenbosch appointed him Professor Extraordinary in Economics for the period 1 April 2002 to 31 March 2005 and the Asia School of Business appointed him to its Board of Governors in 2015.