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Mboweni douses rumours of return to politics

2014-02-18 08:59
Tito Mboweni (Werner Beukes, Sapa)

Johannesburg - Former labour minister and former Reserve Bank governor Tito Mboweni has apparently doused speculation that he could be appointed minister of finance, saying he wants to focus on his investment portfolio.

Mboweni resigned from his position as chairperson of AngloGold Ashanti on Monday, in a move which led to speculation that he could become a Cabinet minister, Beeld reported on Tuesday.

The Mail & Guardian reported last week that Mboweni, 54, had been earmarked for the post as current Finance Minister Pravin Gordhan is reaching retirement age.

Candidates list

Mboweni was re-elected onto the ANC's national executive committee at the Mangaung elective conference, and the ANC in Gauteng nominated him to go to Parliament.

ANC spokesperson Jackson Mthembu told Beeld the party had not yet made its list of candidates public, and would therefore not comment on the list or the names on it.

In response to the speculation, Mboweni took to Twitter over the weekend to state that Cabinet ministers are not appointed by the media, and newspapers were pre-empting the president’s prerogative.

Mboweni told Business Day that he resigned from his AngloGold Ashanti position because he wants to take care of his expanding portfolio of investments and responsibilities.

He has a listed property company and an investment holding company. He also serves on several boards, is an adviser to a number of multinationals, and is a fellow at the Stellenbosch Institute for Advanced Study.

Mboweni said he did not want to speculate on Cabinet appointments, but would like to take care of his expanding portfolio of investments and responsibilities rather than return to politics, Business Day reported on Tuesday.

Read more on: anc  |  pravin gordan  |  jackson mthembu  |  tito mboweni  |  elections 2014  |  politics

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