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SacOil Chair, Tito Mboweni joins Wits University as Honorary Professor

 SacOil Holdings Chairman Tito Mboweni will join the University of the Witwatersrand (Wits) as an honorary professor at their school of economics and business sciences.
"I am delighted to be associated in such a meaningful way with Wits, its students and faculty," Mboweni said in a university statement on Thursday.

"As one of the leading institutions located in the heart of the financial markets in South Africa and on the continent, Wits has an important contribution to make through its academic endeavours in these relevant areas."

Mboweni was also recently appointed to the board of the New Development Bank (Brics Bank) as a non-executive director. He served as a minister of labour from 1994 to 1998, and as governor of the Reserve Bank from 1999 to 2009.

Wits Vice Chancellor Adam Habib said the university was privileged to welcome Mboweni to the institution. "His knowledge, expertise and political and economic savvy will add value to our teaching and research programmes and will be hugely beneficial to our staff, students and members of the Wits community. We look forward to many debates and robust interactions going forward," he said.

"Given our current economic circumstances and Africa's role in the global economy, we require many more intellectuals of the calibre of Mr Mboweni to influence young minds and to develop our future leaders."

According to Wits, Mboweni holds a BA in Economics and Political Science from the University of Lesotho and an MA in Development Economics from the University of East Anglia in the United Kingdom.

He also served as Chancellor of the North-West University from 2002 to 2005.
In addition to being Chairman of the SacOil Holdings Board, Mr. Mboweni currently serves as an advisor to Goldman Sachs International, and is the non-executive chairperson of the boards of Nampak Limited, Accelerate Property Fund and the African Centre for Economic Transformation.