On October 12, the South African Presidency announced that Tito Mboweni, the first governor of the South African Reserve Bank (South African Reserve Bank), passed away at the age of 65 due to illness. After the end of the apartheid system in 1994, he was appointed Minister of Labor by former President Mandela, and later appointed as the Governor of the central bank in 1999. After his term as central bank governor, Mboweni served as Minister of Finance from October 2018 to August 2021. In addition to public office, Mboweni was also a founding member of a private investment company, served as a consultant for Goldman Sachs in South Africa, Chairman of AngloGold Ashanti, the former world's largest gold producer, and served on the board of directors of several other companies.