Former South African Finance Minister Tito Mboweni Dies at 68

Tito Mboweni, a key figure in South African politics and former Minister of Finance, has passed away following a brief illness. His family confirmed the news in a statement early Saturday, sending waves of grief across the nation.

Mboweni, 68, served as the Minister of Finance under President Cyril Ramaphosa from February 2018 until the close of 2023. Known for his frank communication and focus on economic reform, Mboweni played a crucial role in steering South Africa through economic challenges following the Zuma era, with a particular emphasis on fiscal responsibility and economic recovery.

Born in the former Lebowa bantustan, Mboweni’s rise from humble beginnings to becoming one of the country’s most influential leaders was often hailed as inspirational. His political career with the African National Congress (ANC) began in the 1980s during the anti-apartheid struggle, where he quickly ascended through the ranks, earning respect for his keen analytical mind and dedication to economic reform.

As Finance Minister, Mboweni guided South Africa through various economic crises, including global financial turmoil and local political uncertainties. He was known for his pragmatic approach to managing budget deficits and for his candid, often humorous social media presence, which helped make complex economic issues accessible to ordinary citizens.

Tributes have poured in from across the political spectrum. President Cyril Ramaphosa expressed profound sadness, describing Mboweni’s “indomitable spirit and unwavering dedication to the nation’s economic stability.” He remarked, “Tito was more than a minister; he was a visionary who worked tirelessly for South Africa’s future prosperity.”

Opposition leaders, including the Democratic Alliance, also paid their respects, recognizing Mboweni’s “tough love” approach to economic management—controversial at times, but always intended for the country’s long-term benefit.

Funeral arrangements have yet to be announced, though a national day of mourning is anticipated.