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Friday, 05 August 2016 07:55

Former Reserve Bank Governor Tito Mboweni Elected Chairman of the Tourism Business Council of South Africa

Former Reserve Bank Governor Tito Mboweni Elected Chairman of the Tourism Business Council of South Africa

Pretoria. The Tourism Business Council of South Africa (TBCSA) has elected former South African Reserve Bank Governor, Mr Tito Mboweni, as the Chairman of its Board of Directors. The appointment was ratified at the organisation’s Annual General Meeting (AGM), which took place on Monday, 1 August 2016.

Mr Mboweni brings a wealth of leadership experience from business, government, and academia, which will positively inform TBCSA’s direction. His credentials include, amongst others, Minister of Labour in President Nelson Mandela’s cabinet from 1994 to 1998 and served as the first black governor of the South African Reserve Bank for ten years.

He has served as Chairman of AngloGold Ashanti Ltd, Chancellor of the University of the North West and has held various positions within the African National Congress. Currently, he is an International Advisor to Goldman Sachs International and chairman of the following companies: Accelerate Property Fund, Nampak Limited and SacOil Holdings Limited. He is a non-executive director at the New Development Bank (BRICS), PPC and Discovery Limited and is a founding partner of Mboweni Brothers Investment Holdings.

“The Council is extremely pleased to have attracted someone of the calibre of Mr Mboweni as the Chairman of its Board of Directors,” said Ms Mmatšatši Ramawela, the CEO of TBCSA. “We all know Mr Mboweni and the work that he has done while in Government and now in the private sector since leaving the public service - a wealth of experience that will no doubt be valuable in guiding TBCSA in its growth and development,” said Ms Ramawela.

In welcoming Mr Mboweni as the new Board Chairman at the AGM, outgoing Board Chairman Mavuso Msimang said that TBCSA is extremely blessed to have attracted the talent and experience of someone of the calibre of Mr Mboweni, and should wisely make use of the time that it will have with him to advance the interests of the travel and tourism sector. He described Mr Mboweni as a sharp, witty and independent person, with the capacity to learn within a very short space of time.

In his acceptance speech, Mr Mboweni said, “I'm honoured by the confidence the tourism industry, as represented by TBCSA, has shown in me and I accept the position of Chairperson of the Council with humility and enthusiasm. I am also aware of the challenges the sector faces and endeavour to fill the role of TBCSA Board Chairman with vigour and enthusiasm. I am looking forward to working with the Board, the Secretariat, all the members and TOMSA Levy contributors to further develop our tourism industry.”

Mr Mboweni takes over the reigns of TBCSA Board Chairman from Mr Mavuso Msimang, who served two terms as Board Chairman of the Council.
 
“I cannot find enough wonderful things to say about Mavuso Msimang’s leadership throughout his term as Board Chairman, especially for the past two years,” Ms Ramawela said. “He has been a great pillar of strength and support when times were tough and a source of counsel and inspiration to his fellow Board Members and the entire staff of TBCSA. His knowledge of the travel and tourism industry, his integrity and wisdom, gained from his many years as a corporate and civic leader, were enormous assets to the Council – he will be greatly missed.”

At the same AGM, the members of TBCSA also ratified the election of Mr Ravi Nadasen, the Operations Director for the Central Northern Region within the Tsogo Sun Group as its Deputy Chairman. Mr Nadasen has been a TBCSA Director for three years and he takes over from an industry stalwart, Mr Clifford Ross, who is the current CEO of the City Lodge Hotel Group. Although retiring from his role as the Deputy Chairman, Mr Ross will still be a Board Member alongside other industry representatives whose function is to support and guide the Secretariat in fulfilling the mandate of the Council, which is to be the voice of organised business in the travel and tourism sector.

Ends

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Editor’s Notes
About Tito Mboweni: (As at August 2016)
BA Economics and Political Science (NUL), MA Development Economics (UEA), Diploma in International Business Diplomacy (Georgetown University). Tito Mboweni was Governor of the Reserve Bank of South Africa (SARB) from August 1999 to November 2009. During his tenure at the SARB, he was also Chairman of the SADC Committee of Central Bank Governors (CCBG). He joined the SARB in July 1998 as an Advisor to the Governor. From 1994 to 1998, he was Minister of Labour in President Nelson Mandela’s Cabinet. He was the Former Deputy Head of the ANC’s Department of Economic Policy between 1990 and 1994 and the Head of the ANC Policy Department between 1994 and 1998. From 1994 to 1998, he was the Chair of the Economic Transformation Committee (ETC) of the National Executive Committee (NEC). In December 2012 he was elected back to the African National Congress (ANC) National Executive Committee, and is a member of its Economic Transformation, Social Transformation, Finance and Fundraising and Free State Province sub-committees.
Tito Mboweni currently serves as Chairman of the Board for Nampak Limited, SacOil Holdings Limited, Accelerate Property Fund (all listed companies). He serves as well on the Board of Directors of Discovery Limited, PPC Limited and is South Africa’s Representative to the BRICS New Development Bank as Non-Executive Director. From June 2010 to May 2014, Mr. Mboweni was Chairman of the Board of Directors of AngloGold Ashanti. He is an International Advisor for Goldman Sachs International and Member of the Total Oil Marketing’s Strategic Consultative Committee for Africa and the Middle East (Equivalent to an Advisory Board), and is Chairman of the Board of Directors of a pan-African think tank, the African Center for Economic Transformation based in Accra, Ghana. He is a Member of the Board of Governors ASIA School of Business, Kuala Lumpur, Malaysia and serves as a Panel Member on the High Level Advisory Panel for the Parliament of the Republic of South Africa. 
On the academic side, Mr. Mboweni has been awarded Honorary Doctorates from the Universities of Natal, Johannesburg, Cape Town, Stellenbosch and East Anglia (UEA). He has served as Honorary Professor in Economics at the Universities of South Africa (UNISA), Pretoria and Limpopo and is currently Honorary Professor of Economics at the University of Stellenbosch and Honorary Professor in the School of Economics and Business Sciences at the University of the Witwatersrand. He is a fellow of the Stellenbosch Institute for Advanced Study (STIAS) as well as the Bellagio Rockefeller Center, Italy. He served as Chancellor of the University of the North- West from 2002 to 2005.
On the community side, Mr. Mboweni is a member of the Thabo Mbeki Foundation Council of Advisors, Chairman  & Trustee of the Fund Raising Committee for the Nelson Mandela Children’s Hospital and Patron of the South African Ballet Theatre Company. He was named African Central Bank Governor of the Year in 2009, Euromoney Central Bank Governor of the year in 2001 and one of the World Economic Forum’s Global Leaders of Tomorrow in 1995. Mr. Mboweni’s proficiencies include Political Analysis, Economic Analysis, Public Policy Design and Execution, Executive Management, Macro-level Strategy and Advice.

ABOUT TBCSA
Tourism Business Council of South Africa (TBCSA) is a member-based organisation, made up of Trade Associations as well as leading corporates operating in the Travel and Tourism sector. The Council seeks to ensure that the industry is unified and speaks with one voice when engaging stakeholders and partners on macro-economic issues affecting the sector. The TBCSA is a member of Business Unity South Africa (BUSA), an organisation that seeks to unify the VOICE of business in South Africa. The sectoral associations affiliated to the TBCSA are as follows:

  1. AHI – Afrikaanse Handelsinstituut
  2. AASA – Airlines Association of Southern Africa
  3. ASATA – Association of Southern African Travel Agents
  4. BARSA – Board of Airline Representatives of South Africa
  5. EXSA – Exhibition& Event Association of Southern Africa
  6. FEDHASA – Federated Hospitality Association of South Africa
  7. NAA –SA - National Accommodation Association of South Africa
  8. PHASA – Professional Hunters Association of South Africa
  9. SAACI – Southern African Association for the Conference Industry
  10. SABOA – Southern African Bus Operators’ Association
  11. SATSA – Southern Africa Tourism Services Association
  12. SAVRALA – Southern African Vehicle Rental Association

SAYTC - South African Youth Travel Confederation