His family released a statement late on Saturday night announcing his passing, after a brief illness.
Mboweni passed away in a Johannesburg hospital, surrounded by his loved ones.
“It is with deep sadness that the Mboweni family announces the passing of former Reserve Bank governor and minister of finance, Tito Titus Mboweni. The family is devastated by governor Mboweni’s passing after a short illness,” the statement read.
The family asked for privacy at this difficult time as they come to terms with their loss.
Mboweni was the minister of finance from October 2018 to August 2021.
He was minister of labour from May 1994 to July 1998. Prior to his appointment as minister of labour, he was deputy Hhead of the Department of Economic Policy in the ANC.
He also represented the ANC on several domestic and international platforms.
