A former Reserve Bank governor, Tito Mboweni, has been named an honorary professor in the School of Economics and Business Sciences at the University of the Witwatersrand (Wits).
“I am delighted to be associated in such a meaningful way with Wits, its students and faculty,” Mboweni said in a university statement yesterday.
“As one of the leading institutions located in the heart of the financial markets in South Africa and on the continent, Wits has an important contribution to make through its academic endeavours in these relevant areas.”
Wits vice-chancellor Adam Habib said the university was privileged to welcome Mboweni to the institution.
“His knowledge, expertise and political and economic savvy will add value to our teaching and research programmes and will be hugely beneficial to our staff, students and members of the Wits community. We look forward to many debates and robust interactions going forward,” he said.
“Given our current economic circumstances and Africa’s role in the global economy, we require many more intellectuals of the calibre of Mr Mboweni to influence young minds and to develop our future leaders.”
Mboweni was appointed to the board of the New Development Bank, the newly established Brics bank, as a non-executive director.
He served as the minister of labour from 1994 to 1998, and as the governor of the Reserve Bank from 1999 to 2009. He was the eighth governor of the central bank and the first black South African to hold the post.
According to Wits, Mboweni holds a Batchelor of Arts degree in economics and political science from the University of Lesotho and a Master of Arts degree in development economics from the University of East Anglia in the United Kingdom.
He also served as the chancellor of North-West University from 2002 to 2005 and has been awarded several honorary doctorates locally and abroad.
At present, he serves as an adviser to Goldman Sachs International, and is the non-executive chairman of the boards of Nampak Limited, SacOil Holdings, Accelerate Property Fund and the African Centre for Economic Transformation.