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Treasury chief replaces Tito Mboweni on Brics Bank board

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 Dondo Mogajane
Dondo Mogajane

Cape Town – National Treasury director general Dondo Mogajane has replaced former SA Reserve Bank governor Tito Mboweni as a non-executive director of the Brics New Development Bank.

A Treasury spokesperson on Thursday confirmed that Mboweni’s term came to an end on July 2 after he served a two-year term.

While Mboweni was available to be re-elected, the Treasury spokesperson said the decision to appoint Mogajane to the role was in line with how other countries elected their board members to the bank.

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