Mboweni made ‘remarkable’ impact on SA economy
Minister of Finance Enoch Godongwana says his predecessor left National Treasury in good shape when he stepped down.
Godongwana spoke at the official funeral of Tito Mboweni on Saturday.
Mboweni, who died at the age of 65 following a short illness, took up his last cabinet portfolio as finance minister in 2018 before retiring from public service in 2021.
Godongwana vowed to continue Mboweni’s legacy of good governance.
"Generally, Treasury is a good institution and Mboweni kept it intact," said Godongwana.
"He made sure that skills-based values of the institution are solid, and when I came in, I had nothing to do but to write on the machinery he built and survived."
Before taking charge of the country's finances, Mboweni was Governor of the South African Reserve Bank between 1999 and 2009.
Lesetja Kganyago, the current head of the central bank, said Mboweni made a remarkable impact on South Africa’s economic trajectory.
"He understood the importance of making tradeoffs, and importantly, he understood that for you to implement policy, you actually need evidence, and that is his legacy," he said.
Mboweni also served as labour minister from 1994 to 1998 following the country's first democratic elections.
He was laid to rest in his hometown of Tzaneen in Limpopo on Saturday.
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