CAPE TOWN High level clouds. Mild.

MIN13
MAX18
7 day
  • Sunday 13-16°c Morning clouds. Cool. Morning clouds. Cool.
    Monday 12-16°c Sunny. Cool. Sunny. Cool.
    Tuesday 12-18°c Sunny. Mild. Sunny. Mild.
    Wednesday 12-15°c Numerous showers. Decreasing cloudiness. Cool. Numerous showers. Decreasing cloudiness. Cool.
    Thursday 11-15°c High level clouds. Cool. High level clouds. Cool.
    Friday 11-19°c Sunny. Mild. Sunny. Mild.
More News

Mboweni to stay in private sector

2014-05-21 22:09
Tito Mboweni (Werner Beukes, Sapa)

Johannesburg - Former Reserve bank governor Tito Mboweni on Wednesday took to Facebook to clarify why he asked to be removed from the list of ANC members going to Parliament.

There was speculation that he could be appointed finance minister.

Mboweni explained that he had fruitful conversations with the leadership of the African National Congress long before the elections about what role he could play in the economy to assist in propelling the economy further.

He said the country needed deep-seated economic transformation.

"We cannot proceed like we have been doing. Bold, decisive, courageous and responsible action is now needed," he said in his post.

"I have indeed submitted a very simple letter 'requesting' the leadership to 'release' me from the parliamentary list. This is factual."

He said he intended to stay in the private sector pushing economic transformation through, among others, Mboweni Brothers Investment Holdings (MBIH) and MBIH Capital in particular.

He said the country needed capital in order to drive economic transformation.

"Without capital, we are behaving like we are in a French breakfast picnic. I will continue to work with universities and pass on my experience to the students," he said.

Mboweni added that he was heavily involved with universities in the country and if afforded the opportunity, he would play a role as Chancellor or Chair of Council at one of them.

"Then I will continue to be an active member of the NEC [national executive committee] Economic Transformation Committee and the ANC in general.'

"This is an important task as we further refine policy for implementation, not just academic conversations. I hope also to be active in one or the other state structure," said Mboweni.

He ended his post by saying he was "not letting our people and voters down. I could never do that. You will support my decision, I think, I hope". 

- SAPA
Read more on: anc  |  tito mboweni  |  politics  |  elections 2014

More In This Category
'Remember those who died for freedom' - Zuma

People should remember those who fought and died for South Africa’s freedom when they vote next week, President Jacob Zuma said.

'I am fed up, but I'm going to vote for the ANC until I die'

Cyril Ramaphosa insists his party is still the hope of the people.

We will sting Zuma like a bee - Maimane

DA leader Mmusi Maimane has hit back at insults flung at him by President Jacob Zuma, saying that he has the ability to "sting like a bee".

Selfies, hugs and promises as Holomisa urges PE residents to vote ANC out

UDM leader Bantu Holomisa has gone on a pre-election charm offensive in Nelson Mandela Bay, urging residents to "teach the ANC a lesson at the polls" and "vote them out".

Comments
Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
64 comments
Comments have been closed for this article.
News24 |   OLX  |  PROPERTY24  |  CAREERS24  |  SPREE  |