Ex-central banker Mboweni takes on South Africa's hobbling economy [Reuters (UK)]
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Source: Reuters
Ex-central banker Mboweni takes on South Africa's hobbling economy | Reuters 4 Min Read * Mboweni appointed after Nene’s resignation * Finance minister headed central bank for a decade * Markets in recession-mired S.Africa welcome Mboweni By Olivia Kumwenda-Mtambo JOHANNESBURG, Oct 10 (Reuters) - South African markets rallied after the appointment of former central banker Tito Mboweni as finance minister, an ANC insider and ally of President Cyril Ramaphosa expected to focus on wooing investors and reviving an economy in recession. Mboweni, 59, replaced Nhlanhla Nene who stepped down after admitting having meetings with the Gupta brothers, friends of former president Jacob Zuma who are at the centre of corruption allegations. Zuma and the Guptas have denied any wrongdoing. Nene’s removal was in line with Ramaphosa’s promise to crack down on corruption and boost economic growth. Mboweni, like Nene, is from Ramaphosa’s inner circle, a former government official who has held positions in
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AU
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- 5/9/24 - Form 8-K
- 4/29/24 - Form 10-K/A
- 3/22/24 - Form 10-K
- AU's page on the SEC website