Local media reported late Saturday, October 12, that Mboweni died in a Johannesburg hospital surrounded by loved ones, following a brief illness, according to a statement from his family.
Mboweni, an anti-Apartheid activist, played a pivotal role in shaping South Africa’s democratic government. He served as the country's first Minister of Labour from 1994 to 1999 in the administration of Nelson Mandela, the nation's first democratic president.
In 1999, he became the Governor of the South African Reserve Bank, a position he held for 10 years, where he oversaw critical economic reforms. He later returned to government as Minister of Finance during President Cyril Ramaphosa's first term.
In a statement released on Saturday, October 11, the Presidency expressed deep sorrow over Mboweni’s death, with President Ramaphosa honoring him as "a leader and compatriot who has served our nation as an activist, economic policy innovator, and champion of labor rights."
"Dr. Mboweni’s passing at the age of 65 comes as a shock, given his vitality, energetic spirit, and affable engagement with fellow South Africans," the statement added.
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