Mboweni’s return to the public sector comes almost nine years after he vacated his position as SA Reserve Bank (Sarb) Governor in 2009 – the first black person to hold this post in the country.

Here’s a timeline of his career progression and notable achievements over the years.

1979 – 1980

Mboweni registers for a Bachelor of Commerce degree at the University of the North, but he is forced to abandon his studies in 1980 to go into exile in Lesotho.

1985

While in exile, Mboweni completes what is equivalent to an honours degree – a Bachelor of Arts in Economics and Political Science from the National University of Lesotho.

1988

Mboweni obtains his Master of Arts degree in Development Economics from the University of East Anglia in the UK.

1994 – 1998

Prior to his appointment as the first Labour Minister in former President Nelson Mandela’s cabinet, Mboweni served on the ANC’s National Executive and National Working Committees and he chaired the NEC’s economic transformation committee. This body was responsible for the development of ANC economic policies.

During his tenure as Labour Minister he was responsible for developing the country’s post-apartheid labour legislation.

1998 – 2009

Mboweni joins the Sarb as an advisor to the governor before himself being appointed to the top spot there in 1999.

During his tenure here, he was awarded an honorary doctorate in economics from the University of Natal. He served as Chancellor of the University of the North West.

2010

After leaving public office, Mboweni joined the private sector as an international advisor to investment firm Goldman Sachs International. In this position, he was responsible for developing business development strategies with a particular focus on sub-Saharan Africa.

2015

Mboweni is appointed to the Board of Governors at the Asia School of Business. He was also appointed an honorary professor at Wits University’s School of Economic and Business Science.

2016

Mboweni is appointed chairperson of the Tourism Business Council of SA.

2018

Mboweni is sworn in as Minster of Finance.