CAPE TOWN Morning clouds. Mild.

7 day
  • Tuesday 15-22°c Sunny. Mild. Sunny. Mild.
    Wednesday 15-24°c Morning clouds. Mild. Morning clouds. Mild.
    Thursday 16-22°c Mostly sunny. Mild. Mostly sunny. Mild.
    Friday 16-23°c Sunny. Mild. Sunny. Mild.
    Saturday 16-24°c Sunny. Mild. Sunny. Mild.
    Sunday 16-24°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". 

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

More In This Category
IEC announces by-election date

The IEC has announced a date for municipal ward by-elections.

ANC Limpopo urges party to rebuild, dismisses early conference talk

The ANC in Limpopo has vowed to reform itself and has urged branches to focus on rebuilding instead of holding an early special conference or consultative conference.

3 more arrests for slain DA councillor, partner

Three more people have appeared in court in connection with the murders of DA councillor Johannes Baatjies and his business partner, the Northern Cape Hawks have said.

ANC 'colluding' MEC in hung councils hits back at IFP

KwaZulu-Natal Co-operative Governance and Traditional Affairs MEC Nomusa Dube-Ncube has hit back at the Inkatha Freedom Party which has accused her of working with the ANC to stall processes in hung municipalities.

Read News24’s Comments Policy 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
Comments have been closed for this article.
News24 |   OLX  |  PROPERTY24  |  CAREERS24  |  SPREE  |