Former South African Central Bank Governor Tito Mboweni Dies

Tito Mboweni, the former Governor of the South African Reserve Bank and Finance Minister, passed away at the age of 65 after a brief illness, as confirmed by the SARB. Mboweni was a pivotal figure in South Africa's economic landscape, serving as the first black governor from 1999 to 2009 and guiding the nation through significant challenges, including the 2008 Global Financial Crisis. His tenure was marked by reforms such as inflation targeting and public engagement initiatives like Monetary Policy Forums. Mboweni also played a crucial role in shaping post-apartheid labor laws as the first Minister of Labour under President Nelson Mandela. President Cyril Ramaphosa expressed deep sorrow over Mboweni's unexpected death, highlighting his contributions as an activist and economic innovator. Tributes poured in from various sectors, reflecting Mboweni's lasting impact on South Africa's economic and political spheres.