Tito Mboweni, who as the first Black governor of the South African Reserve Bank was heralded by financial markets and business for keeping tight fiscal controls on the nation’s public spending, has died.

The first black central bank governor of South Africa, who later went on to become finance minister, has died at the age of 65. Tito Mboweni had suffered a "short illness", the presidency confirmed on Saturday evening,

South African Finance Minister Tito Mboweni reacts as he arrives to deliver his budget speech at the parliament in Cape Town, South Africa, February 26, 2020. Reuters/Sumaya Hisham/File Photo JOHANNESBURG (Reuters) - South Africa's former finance and labour minister and first Black central bank governor Tito Mboweni has died aged 65 following a brief illness,