Of Hawks and Hippos
The unexpected recent passing of former Reserve Bank Governor and Finance Minister Tito Mboweni robbed South Africa of one of its most distinguished policymakers and most colourful public figures. Aged only 65, he still had a lot to offer. Tributes have rightly poured in from all corners, and there is no need to repeat those here. It does, however, provide an opportunity to consider the policy framework he helped build and assess its performance, especially ahead of next week’s Medium-Term Budget Policy Statement (MTBPS).