December 1st, 2008
Tito “Weather the Storm” Mboweni – Cartoon
It’s great to see Tito buiding his career and progressing through the ranks. Wonkie wonders how far he is from that IMF job he’s rumoured to be gunning for.
It is interesting that Mervyn King, Tito Boweni’s equivalent in the UK was recently reported by the Telegraph as having turned down a substantial salary increase because “he did not feel it was appropriate in the current economic climate”. Personally I think it’s pretty weak of Mr King yielding to social and moral accountability like that – he could learn a lesson or two from Mr Mboweni.
For a comparison of what reserve bank governors around the world earn, check out the benchmarking article on PoliticsWeb.
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February 12th, 2009 at 9:03 am
[...] more than anything that has hit them before. Or perhaps they really believe the naive comments of Tito “weather the storm” Mboweni at the reserve bank. Cosatu would be more effectively supporting their members by trying to [...]
March 27th, 2009 at 11:32 am
[...] Tito “weather the storm” Mboweni is finally squeaking out noises to the effect that the South African economy may not be immune to the current global financial crisis. Wonkie is not sure if it’s the result of Naledi Pandor’s outcome-based education disaster or some severe recruitment errors in financial circles but it appears some senior economists have been quoted as saying the that the IPL will save South Africa from negative growth this year. Now let it not be said that Wonkie is not optimistic. After all, anything is possible but when economists speak, the key is to understand the assumptions they base their allegedly informed analysis on. [...]