President Cyril Ramaphosa expressed deep sorrow following the passing of Dr. Tito Mboweni, the former Governor of the South African Reserve Bank and a distinguished former Minister of Labour and Finance, who died at the age of 65 after a brief illness.
In a heartfelt statement, President Ramaphosa extended his condolences to Dr. Mboweni’s family and friends, recognising his profound impact on South Africa’s political and economic landscape.
Dr. Mboweni made history as the first Minister of Labour in democratic South Africa, serving under the Cabinet of the late President Nelson Mandela from 1994 to 1999. His tenure marked a pivotal moment in the country’s commitment to improving labor rights and promoting fair working conditions in a transforming economy.
Following his role as Labour Minister, Dr. Mboweni took the helm as Governor of the South African Reserve Bank, a position he held for an entire decade starting in 1999. His leadership was characterised by a commitment to fiscal discipline and economic stability during this time.
In 2018, Dr. Mboweni returned to public service as the Minister of Finance in President Ramaphosa’s administration, where he continued to champion economic reform and development. His dedication to the economic empowerment of South Africa and his advocacy for labor rights solidified his legacy as a prominent figure in the nation’s history.
President Ramaphosa noted the shock of Dr. Mboweni’s untimely passing, saying, “Given his sense of vitality and energetic 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 labor rights.”
The President further acknowledged Dr. Mboweni’s influence beyond South Africa, stating, “He 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.” Dr. Mboweni’s ability to connect with people made him a beloved figure, particularly on social media, where he celebrated his roots and shared the culinary traditions of his hometown, Modjadjiskloof.
The nation has lost not just a politician but a visionary leader whose contributions will be felt for years to come. President Ramaphosa concluded with a message of remembrance: “His passing is a great loss. May his soul rest in peace.”
Dr. Tito Mboweni’s legacy as a trailblazer in labor rights and economic policy will forever inspire future generations. As South Africa mourns his loss, tributes are pouring in from various sectors, celebrating a life dedicated to public service and the betterment of society.
