Late Tito Mboweni on SARB pursuit to lowering inflation target, tackling unemployment
Mboweni died on Saturday following a short illness. While it’s understood he fell ill during a recent trip on the continent, the exact details of his passing are yet to be released.
FILE: Minister Tito Mboweni participating in the G20 Compact With Africa (CWA) policy panel, 7 November 2018. Mboweni passed away on 12 October 2024. Picture: GCIS
JOHANNESBURG - As the country reflects on the life and times of the late former Minister of Finance and South African Reserve Bank (SARB) governor, Tito Mboweni, we take a look at some of his final moments.
Mboweni died on Saturday following a short illness.
While it’s understood he fell ill during a recent trip on the continent, the exact details of his passing are yet to be released.
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In August, Mboweni joined Stephen Grootes on his debut on The Money Show, where he shared his thoughts about the Reserve Bank’s pursuit to lower the current 3% to 6% inflation target.
“I think my advice, if they will listen to me from the grave, will be that they are better off for now staying with the band [3%-6%]. It’s easy to explain within our context, but with time, I think they are correct, we should aim for a lower inflation target.”
On tackling some of the country’s apex priorities, Mboweni had this to say about unemployment:
“I think the how is less of the problem – it’s the actual execution that’s the problem. We should begin to understand the relationship and the difference between capacity and capability. Let us not just focus on filling the posts but let’s fill the posts with people who can actually do the job.”