Central bank governor of the year 2001: Tito Mboweni, governor of the South African Reserve Bank

After two years in the job, the South African Reserve Bank’s governor Tito Mboweni has earned the respect and admiration of his peers and market players. His biggest success has been in bringing inflation under control.

Keeping control over the economy in post-apartheid South Africa is not an easy job. After decades of white minority rule, when the privileged few prospered on the back of the country’s extensive natural wealth, the sudden change to fully-fledged democracy and the rising expectations of millions of newly-enfranchised citizens could well have led to instability. Like so many of its neighbours, South Africa could have been faced with internal strife, new social divisions and new forms of exploitation.

Thanks for your interest in Euromoney!
To unlock this article: