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Cape Town - Former SA Reserve Bank (Sarb) governor Tito Mboweni intends to stay in the private sector in order to push economic transformation in SA, he said on Facebook on Wednesday.
It appears Mboweni decided to turn to this social media platform in order to address the issue of his removal from the ANC's parliamentary list.
It follows a statement by ANC secretary general Gwede Mantashe, who replied in answer to a media question on Tuesday that Mboweni withdrew from the ANC's parliamentary list.
Mantashe did not provide reasons for Mboweni's decision and according to Mboweni the media had "ambushed" Mantashe.
Speculation that Mboweni might become the next finance minister already started towards the end of last year along with rumours that Finance Minister Pravin Gordhan will resign following the national elections in May.
Mboweni's resignation as chair of AngloGold Ashanti was regarded by many as a further sign of this possibility.
Legally President Jacob Zuma may appoint two ministers and two deputy ministers who are not members of parliament to his cabinet. Zuma is expected to announce his cabinet next week.
"I have been in conversation with the leadership [of the ANC] long before the elections about what role I could play in our economy," Mboweni said on his Facebook page on Wednesday.
"These have been extremely fruitful and comradely."
He said the question has always been about where he could better "deploy" in order to assist in the growth of South Africa's economy.
"We need deep-seated economic transformation," Mboweni said on the social media platform.
"We cannot proceed like we have been doing. Bold, decisive, courageous and responsible action is now needed."
He explained that he had submitted a letter "requesting" the ANC leadership to "release" him from the parliamentary list.
"This is factual. From the SG's reply to a question from a journalist, it is clear that the leadership has responded positively to my request."
Private sector
"I intend to stay in the private sector, pushing economic transformation through amongst others, Mboweni Brothers Investment Holdings (MBIH) and MBIH Capital in particular," said Mboweni.
"We need capital in order to drive economic transformation. Without capital, we are behaving like we are in a French breakfast picnic."
Mboweni also said that he will continue to work with universities and pass on his experience to students. He is currently an honourary professor of economics at a number of universities.
"If the minister of higher education does not block my nominations, I will also play a role as chancellor or chairman of council at one or the other university," he said.
Mboweni will also continue as a member of the NEC Economic Transformation Committee and ANC.
"This is an important task as we further refine policy for implementation not just academic conversations," he said.
"I hope also to be active in one or the other state structure. The leadership will announce what role and where in due time."
It appears Mboweni decided to turn to this social media platform in order to address the issue of his removal from the ANC's parliamentary list.
It follows a statement by ANC secretary general Gwede Mantashe, who replied in answer to a media question on Tuesday that Mboweni withdrew from the ANC's parliamentary list.
Mantashe did not provide reasons for Mboweni's decision and according to Mboweni the media had "ambushed" Mantashe.
Speculation that Mboweni might become the next finance minister already started towards the end of last year along with rumours that Finance Minister Pravin Gordhan will resign following the national elections in May.
Mboweni's resignation as chair of AngloGold Ashanti was regarded by many as a further sign of this possibility.
Legally President Jacob Zuma may appoint two ministers and two deputy ministers who are not members of parliament to his cabinet. Zuma is expected to announce his cabinet next week.
"I have been in conversation with the leadership [of the ANC] long before the elections about what role I could play in our economy," Mboweni said on his Facebook page on Wednesday.
"These have been extremely fruitful and comradely."
He said the question has always been about where he could better "deploy" in order to assist in the growth of South Africa's economy.
"We need deep-seated economic transformation," Mboweni said on the social media platform.
"We cannot proceed like we have been doing. Bold, decisive, courageous and responsible action is now needed."
He explained that he had submitted a letter "requesting" the ANC leadership to "release" him from the parliamentary list.
"This is factual. From the SG's reply to a question from a journalist, it is clear that the leadership has responded positively to my request."
Private sector
"I intend to stay in the private sector, pushing economic transformation through amongst others, Mboweni Brothers Investment Holdings (MBIH) and MBIH Capital in particular," said Mboweni.
"We need capital in order to drive economic transformation. Without capital, we are behaving like we are in a French breakfast picnic."
Mboweni also said that he will continue to work with universities and pass on his experience to students. He is currently an honourary professor of economics at a number of universities.
"If the minister of higher education does not block my nominations, I will also play a role as chancellor or chairman of council at one or the other university," he said.
Mboweni will also continue as a member of the NEC Economic Transformation Committee and ANC.
"This is an important task as we further refine policy for implementation not just academic conversations," he said.
"I hope also to be active in one or the other state structure. The leadership will announce what role and where in due time."
