Mboweni: Beware politicians promising jobs

Mboweni: Beware politicians promising jobs

2013-03-24 16:49

Johannesburg - Former Reserve Bank governor Tito Mboweni has called on South African politicians to be honest on matters of the economy, capital and corruption.

Addressing business leaders and academics in Port Elizabeth, Eastern Cape, this week during the launch of the Coega Development Corporation (CDC) journal, Perspectives, Mboweni accused government of failing to run its own entities, specifically Telkom [JSE:TKG], the SABC and SAA.

Responding to a question on the proposed setting up of a state-owned steel company, he warned against nationalisation.

He said: “I do not believe in nationalisation. The ANC government does not know how to run most things it owns. Look at what we are doing with Telkom.

“We do not know how to run an airline (SAA), the SABC is meant to just broadcast, just that, and we don’t know how to run it.”

Answering a question about the setting up of a Brics bank and government’s request to have it headquartered in South Africa, Mboweni said: “This discussion about the Brics bank being located here in South Africa is very interesting.

“We love things to be located here, but these things are very costly. I would rather take that money and build the Coega Petro SA oil refinery here in Port Elizabeth.”

He also dismissed the notion that governments could create jobs. “Be wary of any politician who comes to you now promising jobs. There are no jobs.

Any politician who promises jobs now is lying.

“There has been a substantial change in the nature of the South African economy that we must accept and deal with.”

Mboweni added: “Despite the significant developments we have made, the problems have not gone away. In fact, they have gotten worse. In my view, we have reached the point where we require the most focused national attention to deal with the problems.

“We cannot be shy to approach other countries in the world that are experiencing a labour shortage and see if they can take some of our people.”

The former labour minister also lashed out at teacher union Sadtu for interfering in education and causing chaos. He also hit out at parents for not participating in the education of their children by not attending school governing body (SGB) meetings.

Mboweni said it was surprising that black parents do not attend SGB meetings in townships, but when they move to the suburbs, they do.

According to him, the education system is not producing the number of skilled people needed to access sectors that hold the bigger slice of the economy.

“We need larger numbers of people with structured post-matric qualifications to be able to enter these sectors,” he said, while calling on government to “urgently” recommit itself to education.

“The education budget is enough for us to achieve our objectives. The problem is the content and the attitudes.”

On corruption, Mboweni, who is the chairperson of AngloGold Ashanti [JSE:ANG], and is also a member of the ANC’s national working committee, said that policy and law makers must know that the Constitution is the supreme law of the land, and that no politician was above this document.

He said: “People who draft laws sometimes forget that one day they might have to stand in front of the court and be judged by the very same laws they have made. Any benefit that is not due to you is corruption.”

He added that capital is not white monopoly capital any more, saying the nature of South African capital has shifted to embrace global and more diverse participation.

“Capital nowadays includes pension funds from government, hedge funds and other investment capital from various groupings including labour unions, making it difficult to pin the origin of capital as exclusively white,” he said. 

»Perspectives is a journal initiated four years ago by the CDC in collaboration with the Nelson Mandela Metropolitan University. It seeks to stimulate debate among professionals, specialists and young academics on issues of industrial and economic development.


  • Sihle Manqele - 2013-03-24 17:03

    You Sir, must join forces with Mamphele, Zille and Mbeki (younger brother) to nail these issues. That's really what we need, too much talk has been done. Time to take control has never been more eminent in this country. The irony is in 1994 I never dreamt in my wildest nightmares I would saying this in 2013.

      Colleen Erasmus - 2013-03-24 17:44

      Well stated

      Jack - 2013-03-24 18:52

      Awesome honesty! Is he gunning to be the next commissioner of SARS?!

      Squeegee Pilot - 2013-03-24 19:37

      Now that is a breath of fresh air...

      George Williams - 2013-03-25 06:33

      A lot more people must come to realise what you have just said. Its time for a BIG change in this country before we have to build it from scratch again

      Concerned86 - 2013-03-25 08:40

      Lying to the people is how they get votes...why stop? If they start telling the truth now, they wont get voted back in! ANC 3 lie strategy to convince the masses - Dont upset your ancestors, blame apartheid and trust the ANC!

      Trevor Myburgh - 2013-03-25 10:31

      I hope this man stays with the ANC and tell them they are steering the country in the wrong direction. He is probably going to get his nuts grinded for this

  • Siyabonga Mswane - 2013-03-24 17:17

    The most powerful influential leader. Thanks Mr Mboweni that's plain truth.

      Erich Goosen - 2013-03-24 18:55

      Who is talking? The ex Reserve bank Governor or the ex Trade Union boss?

      jeremy.forbes.1293 - 2013-03-24 19:57

      What a relief, people like him gives me hope for this country. I fear some days that we will be overwhelmed by the incompetency and corruption of civil servants and politicians. Mr Mboweni, gives me hope that good people like him may one day be victorious. It will be our second liberation.

      godfrey.welman - 2013-03-24 20:59

      Will he now be disciplined for critisizing the ANC Govt. What was the trem used when Trevor spoke out against Jimmy Manyi.

  • Qhama Bona - 2013-03-24 17:20

    I've always been fan of Mboweni. The man has great struggle credentials, he also has a credible record as minster of labour. But where Mboweni really cemented his place as a formidable force in South African politics was during his tenure as Reserve Bank Governor. Even though he faced relentless pressure from the unions to drop interests rates he stood firm and implemented what he thought was right for the economy. It was pleasing to see him being elected to the ANC NEC in the conference last December. His inclusion will serve as a motivation to the middle class that the ANC still has a place for technocrats such as Mboweni. His inclusion also gives the ANC some much need credibility because the man is respected throughout various sectors of society. The fact that he denounces politicians who make empty promises just to be elected into positions, shows that the man has not lost his moral compass. Looking forward to hearing a lot more from Mboweni because we need more leaders of his ilk.

  • Alan Street - 2013-03-24 17:22

    Tito, what the hell are you doing in the ANC? They probably don't understand a word you are saying!

  • Siyabonga Lampard Mdlalana - 2013-03-24 17:30

    Spot on Mr Tito Mboweni... Give this man a Bells !

      Alan Street - 2013-03-24 17:31

      A double!

      Colleen Erasmus - 2013-03-24 17:48

      Give him a crate

  • Lilly Phogole - 2013-03-24 17:43

    True son of the soil has spoken well.

  • Stinky Spice - 2013-03-24 17:44

    Geez, someone who says it like it is. Good chap.

  • Lesiba Christopher - 2013-03-24 17:47

    All said Mr Mboweni.one thing i learnt from you is 'plan for future' not promising future that u cant guarantee like they say tomorrow never come,like prayer say 'give me this day my daily bread

  • Patrick Patrao Mathebula - 2013-03-24 17:47

    we nid dis kind of leadership in our country,il b happy if mr mboweni detaches himself frm corrupt anc

  • nicholus.nakanyane - 2013-03-24 18:00

    Thats a leader i wouldnt mind following..

  • Chris Whittaker - 2013-03-24 18:01

    Why is everyone so quick to hail Tito Mboweni as some kind of hero? Memories so short? While he was labor minister COSATU got most of its power. When he was reserve bank governor he would sit at a press conference and announce rate hike after rate hike and laugh while telling ordinary SAns to tighten their belts. We don't need the anc but we don't need him either.

  • Simthembile Yster Masiko - 2013-03-24 18:03

    That's very 2ru Mr Mboweni.

  • Leslie Erasmus - 2013-03-24 18:03

    Years ago rumors were he could become president. ..sê maar net

  • Graham Jehoma - 2013-03-24 18:13

    slow down with all the praises.....just heard he was quoted out of context......tomorrow he will sing the zoom zoom song....just wait and see.....drol vreter

  • Walter Corbett - 2013-03-24 18:18

    How to qualify for a job with the ANC government. These pills helped many...http://www.youtube.com/watch?v=z9pD_UK6vGU&list=FL-31Zccnr_ee1lW_ZUPozEg&index=8

  • Mzwandile Jola Dlamanzi - 2013-03-24 18:18

    Tito what are you doing for leaving these days?

  • Kgashane Reuben - 2013-03-24 18:19

    Truth doesn't break any campanion, thaa Mr Mboweni.

  • Mabeshankone ZoSuthu - 2013-03-24 18:22

    Upon reading that Mboweni is on the NEC board of directors, the disgruntled few will discredit his argument no matter how much sense the man speaks. He's spot on. Let him speak louder so all this talk of there being no worthy commentators of colour can be shown up for the lie it is. The only war South Africa is fighting is economic transformation - and everyone against transformation wants to divert attention by pointing out peripheral issues. Transformation will continue and in the regard, my mind is now clear - vote for the government that understands that. Refuse to be distracted by the smoke-screen whinny arguments littering this website. #ProudlySouthAfrican

      jesibelle.krugger - 2013-03-24 20:52

      A note to international investors: Translation from ANC to English - replace the word "transformation" with the words "murder of- and the theft from white people"

  • Mdevour Station - 2013-03-24 18:22

    If i were you baba i will make sure my Tax issues are in order. They will throw SARS on your face sir and you will regret ever saying ANC cant run its businesses...

      nicholus.nakanyane - 2013-03-24 20:08


  • Bonga Mbambo - 2013-03-24 18:41

    All those who leave goverment/ANC after being at top positions they begin to criticise the ANC Goverment just like Thabo Mbeki, Lekota etc nw its u Mboweni. Surely u might be having tea partys with the likes of DA n Cope. Bt ANC will continue to serve even those who don't have a platform to praise it or to criticise it.

      KReddy - 2013-03-24 19:02

      You may be right in saying simply, that the anc will rule until Jesus comes BUT with a diminished power base. As sson as that base erodes the tail of the anc will be cut short and their carte blanche on laws and pilfering coffers won't be as easy. In any case, the DA is not the only opposition. Why must you assume he is having tea with the DA? Must be to take down tips on how to do this properly. This action by Tito just shows how people on the gravy train shut their mouths while serving in the rural party for fear of critisizing, even if its constructive. Really sad.

  • Cardlick Siphiwe Masia-Mbhokota - 2013-03-24 18:46

    It's very refreshing to hear one of our own politicians finally speak honestly

  • Macha Samuel Mphela - 2013-03-24 18:55

    That was an interesting read...I'm looking forward to what will transpire after this. Hopefully there'll be a lot of noise made about this.

  • Richard Scully - 2013-03-24 19:01

    They say the first step of the cure is to admit you have a problem...

  • Kwinika Masango Bush - 2013-03-24 19:12

    politicians............! they dine together, when their pockets are full......they bite each other's backs........!

  • HASANIMA - 2013-03-24 19:33

    Dont ruin your chances of serving in the interim structure of the ANC in Limpopo.

  • Jacob Kwena Motadi - 2013-03-24 19:35

    Well said Mr Mboweni, especially about education and law. Some are going to criticize him of being anti-government, Zuma or anc. I hope more members would be able to say things as honestly as him.

  • Garth Philpot - 2013-03-24 20:03

    And there we have it... from the horses mouth. Is the ANC capable of doing something about it... I think not.

  • Makhosonke Mqikela - 2013-03-24 20:35

    No comment...he's a politician anyway.

  • Thuto Shomolekae - 2013-03-24 20:39

    mmm we need more ppl like that to govern our country, more educated and honest ppl .... look @ what zooomer and his ppl have done all thy do is lie, lie ,lie and lie ....come 2014 am not voting for the ANC

  • Stefan Erasmus - 2013-03-24 20:52

    This is the best speach ever. Why is this man not the pres???

  • Successful Nhlamulo Mabilane - 2013-03-24 20:57

    Big up to Mr Mboweni you sound so relevant to me, your points are noted,the ruling party can't even run well their entities i.e. Telkom(8ta),Metro Rail,SABC and even SAA this entities,requires careful management,nationalisation indeed isn't a solution now I can see that's too big challenge for them hence isn't on their agenda

  • mmatau - 2013-03-24 21:13

    Someone who speaks sense at last. Pity the deaf ANC will keep listening to voices in their heads telling them that all is well!

  • Olo Luphoko - 2013-03-24 21:48

    Saying it like it is Mr Tito. Spot on.

  • Mkulu Mkulu - 2013-03-24 23:20

    Careful, tomorrow Zuma will Zoom him out the ANC to sit with Malema and Co.What a pleasure.

  • del.pearson.98 - 2013-03-25 00:41

    Spoken like a true gentleman, now all those who acknowledge the truth in this speech, must stand up and be counted, join forces with him and put through a vote of no confidence in the government. There is little wrong with any ruling party as long as the people running it act like Mr Mboweni, a cut above many.

  • Tembakazi Nozipho Matiwane Mbadamana - 2013-03-25 02:44

    Well said... I really hope our ANC leaders have listened well to this speech, so that they now know which action can they take.

  • Nketso Kgwadi - 2013-03-25 04:14

    Well if you have connections yes u can believe but for people like me i will take ur advise.

  • Phumi Ntlabati - 2013-03-25 05:16

    Mboweni must just shut-up instead of reciting FW De Klerk speech to us. One political dinosaur is enough and we don't need another!

  • Indjun - 2013-03-25 06:25

    Spot on, leave business to business, please explain this to Gigaba and Patel

  • anesh.ashokumar.7 - 2013-03-25 06:31

    Talk is cheap u didn't help anyway by keeping interest rates high u cost this country job so why blame ANC think off what u did also point one finger three are pointing at u

  • Musa Gatsheni - 2013-03-25 06:55

    well said Tito wish some of our leaders can learn from you.

  • zakhelezakes.shabangu - 2013-03-25 07:15

    lol . . this guy is a former capitalist and promise breaker . . . .

  • Suleiman Henry - 2013-03-25 07:42

    Most critics seem to forget that Tito is still a member of the ANC and serves on one of their National committees, amongst other things.

  • kenny.kwenamore - 2013-03-25 08:02

    Comrade Tito dont just say it DO something your country needs you but you are in the wrong camp ANC camp

  • Truth.speak - 2013-03-25 08:42

    Come on Tito, do the right thing and leave the ANC!

  • Clement Thabo Mathebula - 2013-03-25 09:20

    Spot on Mboweni, nothing but the truth, only real ANC members wil agree with u but opportunist wil try to defend ANC even criticize u iam sure Mantashe is coming to you soon,zuma wil b plotting your down fall.I quote you “This discussion about the Brics bank being located here in South Africa is very interesting. “We love things to be located here, but these things are very costly.”Unquoted we just want to impress foreign countries

  • Stanley Mabunda - 2013-03-25 10:03

    mboweni south africa needs people like you not illiterate deployees

  • ANASKA - 2013-03-25 10:43

    Very good article - South Africans are tired of the ANC's beautiful myths!! When the anc came to power, the anc's reputation was still intact - 20 years later, its uninterrupted spell in government has had a deeple corrosive effect - the anc has changed from a party of hallowed revolution into a tool with which some in the party enrich themsevles - ZUMA AND MOST OF HIS CRONIES are THIEVES OF SA

  • master.kay.7355 - 2013-03-25 10:54

    Any benefit that's not due to you is corruption. I'd be very grateful if Mr. Mboweni could make an example of one member of the Anc, except FPr N. Mandela, who ever served in our Government and never unfairly benefited from the Goverment including himself... You can't steal and go around telling people not to steal. I advice the upcoming ruling party to recall all anc members who served on senior posts in the Government to an established TRC to come beg for amnesty for stealing people's money while serving. We can't be having such an unexplainable poverty of our people in the rate in which it is complemented by higher rates of unemployment while others are fillin their buttocks with stolen cash...

  • Vihaan Jansen Van Veuren - 2013-03-25 10:55

    This is the kind of sober thoughts that can propel this country forward. Tito, you are a beacon of light. Please join a movement that will facilitate your thoughts into action.

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