JOHANESBURG - Former ANC Secretary General, Fikile Mbalula says former Finance Minister, Tito Mboweni was not fundamentally opposed to the government of national unity.
Mboweni was an anti-apartheid activist who became democratic South Africa's first labour minister.
He served as Reserve Bank Governor for a decade until 2009.
He later served as finance minister from 2018 to 2021.
Meanwhile, Mboweni wanted to forge ahead with plans to establish a state bank for South Africa.
Mbalula says he had a few suggestions as to how this could happen.
Mboweni had recommended the government take up the central bank’s stake in African Bank Holdings Ltd.
The Reserve Bank, and the Government Employees Pension Fund, among others, own African Bank, thus creating a state bank is a policy of the ANC.