“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,” the statement read. READ MORE HERE
Mboweni became the first black governor of the SARB, succeeding Chris Stals in 1999 to serve for a decade. Before that, he served in Nelson Mandela’s cabinet as labour minister between 1994 and 1999.
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