Mboweni, a former anti-apartheid activist who won praise for his fiscal prudence and for shaping the country's labour laws, died Saturday aged 65, the government announced

South Africa's former finance and labour minister and first Black central bank governor Tito Mboweni has died aged 65 following a brief illness, the presidency said late on Saturday. Mboweni was an anti-apartheid activist as a student who later became democratic South Africa's first labour minister from 1994 to 1999 under former President Nelson Mandela.

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,

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.