Tito Mboweni

Mr. Tito T. Mboweni served as the Chairman of the Board of ACET from April 2014 until his death in October 2024. As a former Minister of Finance and central bank governor in South Africa, Mr. Mboweni brought a wealth of leadership experience from business, government, and academia.

A trailblazer in African ownership of Africa’s future, Mr. Mboweni was the first black South African to hold the position of governor of the South African Reserve Bank from 1999–2009. Prior to that, he served more than four years as Minister of Labor in President Nelson Mandela’s cabinet, a time in which he is credited as being a leading architect of South Africa’s post-apartheid labor legislation. He played various roles within the African National Congress, including an appointment in 1997 as head of the ANC’s policy department and processes. He returned to government as South Africa’s Minister of Finance from 2018–2021.

Mr. Mboweni has also served as Chairman of AngloGold Ashanti Ltd, Chancellor of the University of North West; an International Advisor to Goldman Sachs International; and chairman of the numerous companies, including Accelerate Property Fund, Nampak Limited, and SacOil Holdings Limited. He was also a non-executive director at Discovery Limited and a founding partner of Mboweni Brothers Investment Holdings.

Demonstrating his commitment to public service, Mr. Mboweni served as a trustee and Chairman of the Fundraising Committee of the Nelson Mandela Children’s Hospital, a member of the Council of Advisors of the Thabo Mbeki Foundation, and honorary professor at several South African universities.

Mr. Mboweni was a BA graduate in politics and economics from the National University of Lesotho and held a Master’s Degree from the University of East Anglia. He was awarded multiple honorary doctorates from the universities of Cape Town, Stellenbosch, KwaZulu-Natal, Johannesburg, and East Anglia, among others.