UPDATE: 'Resigning from where?' Mboweni clarifies he plans to stay

Finance Minister Tito Mboweni (GALLO IMAGES)
Finance Minister Tito Mboweni (GALLO IMAGES)

Finance Minster Tito Mboweni clarified his latest tweets - which sparked speculation that he might leave National Treasury - to say that he had no plans to leave his ministerial position.

Mboweni tweeted on Friday afternoon that it "is good to retire gracefully," resulting in questions about who the minister was referring to and what caused him to put this observation on social media.

The finance minister's tweet sparked furious speculation among his followers, with hundreds of reactions to his cryptic statement.

During a photo opportunity engagement on the sidelines of the African National Congress' National Executive Committee lekgotla in Pretoria on Friday afternoon, Mboweni was asked by South African Broadcast Corporation journalist Samkele Maseko whether the tweets meant he was resigning.

"Resigning from where? No, no, no. I was referring to heads of state who have overstayed their welcome. I'm not a head of state," Mboweni said.

Mboweni, who is set to head SA's delegation to the upcoming World Economic Forum in Davos next week, sent the tweet at 13:00 on Friday.

— Tito Mboweni (@tito_mboweni) January 17, 2020

Some thought Mboweni was indicating that he was about to step down after a recent spat with his ANC colleagues about the fate of the Reserve Bank

Others speculated that he may be referring to some of his colleagues:

After taking a break from Twitter late last year, Mboweni has in recent weeks frequently tweeted his views on issues of the day. 

Earlier in week he was reprimanded by the ANC after he tweeted that he believed a previous ANC resolution to nationalise the Reserve Bank was wrong. 

ZAR/USD
17.20
(-0.08)
ZAR/GBP
22.49
(-0.04)
ZAR/EUR
20.24
(-0.11)
ZAR/AUD
12.26
(-0.24)
ZAR/JPY
0.16
(+0.03)
Gold
1973.20
(-0.03)
Silver
24.23
(+0.10)
Platinum
923.00
(+0.49)
Brent Crude
43.86
(+1.45)
Palladium
2102.99
(+1.00)
All Share
56217.63
(+0.70)
Top 40
51927.74
(+0.69)
Financial 15
9887.70
(+0.84)
Industrial 25
75005.25
(+0.36)
Resource 10
57176.04
(+1.04)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 830 votes
It depends on how the funds are used.
74% - 5475 votes
No. We should have gotten the loan elsewhere.
15% - 1096 votes
Vote