Sunday, April 25, 2010

Former South African Reserve Bank Governor Tito Mboweni Becomes Enemy Of The People

The Honorable ANC Members of Parliament must go to work every morning! :)

Read what you want in the article below of Moneyweb. This is a translation:

"Political appointee Mr Tito Mboweni of the ANC gets a cushy several million US$ networking job with the Slaughter House, a company from the US with Abattoirs all over the world attracting the creme de la creme of financial intelligence, to become informant. Target will be the South African Government, their pet Oligarchs and its Youth League, to set up a warning system for the Slaughter House on when, how and with whom the future ANC will nationalise the (gold) mining industry.

The ANC is experiencing daily the anger of the black majority, their constituency. Anger, because of all the broken promises since 1994, the Victorious First South African Elections For All. And the promise was: You Will Share in the Honey Pot!

With neighbour Zim President for Eternal Life Bob Mugabe as spiritual leader, the ANC Youth League, under guidance of Ober Sturm Truppen Fuehrer Julius Malema already indicated that a nationalisation of mines is on the cards. "No, no, no, not true" said the Minister of Minerals Resources Susan Shabangu in an official statement, "nationalisation is not government policy (for now)"

But with the working population taxed to the max and under constant surveillance by The State (FICA and Rica) the honey pot will soon be empty to do more nice things for rich poor people. So what is easier than to nationalise the mines?
After all, Gold = Money and that's where the people of the Slaughter House are, especially now the Anglo Saxon Financial Ponzi Scheme, with the people of the Slaughter House disguised as Mr Ponzi himself, is on the brink of final collapse.

*Ahem*, it must be a coincidence that Mr Mboweni is Chairman of Anglogold Ashanti, a global gold producer operating in 11 countries and listed on five stock exchanges, including the NYSE. Or is it?

What the ANC did manage to establish in the last 16 years is to create a group of extremely wealthy black oligarchs, political appointees or The Chosen, beaming hope for the Aspirational Impoverished. Hey, who doesn't want an iPod? Needless to say that The Chosen will also be part of Tito's social network. Watch the waist line, Tito!

And so the struggle story continues:
  • The Poor will remain poor
  • The Rich will get richer
  • The ANC is cynically creating a society resembling "Animal Farm"
  • The Slaughter House has its people in the right places and is patiently waiting for the Yummi-Yummi."
UPDATE: It seems we have the attention of GS and Tito.

1: Noseweek also has an opinion on Tito:
"....Duerr’s past makes him a dangerous opponent. His network in the banking industry includes his former employer, Goldman Sachs. Which reminds us that shortly after leaving the SARB, Mboweni concluded a “handsome advisory contract” with President Obama’s favourite banking group – Goldman Sachs. Here’s the catch: during Mboweni’s tenure, Goldman Sachs was appointed (by the SA Reserve Bank) as an official dealer in South African government bonds. Commissions are earned on such sales, the higher the tier the more commission. Does Mboweni’s “advisory contract” smell a bit fishy? “What are you going to do about this?” Duerr cheekily asked Marcus in his letter. Nothing, we suspect. He’d said he was going fishing."
Update2: Now why would the IMF in Washington search for "South African Reserve Bank Fraud", as detected as an activity on my Statcounter. What do they know I do not know?

Will the Media Tribunal, as proposed by the ANC, also apply to Bloggers?

Tito Mboweni joins Goldman Sachs


He will advise of business development opportunities, with a particular focus on South Africa

The Goldman Sachs Group today announced that Mr. Tito Mboweni, former Governor of the South African Reserve Bank, is to join Goldman Sachs as an international advisor, effective 1 June 2010. In this capacity, he will provide strategic advice to the firm on business development opportunities, with a particular focus on South Africa and Sub-Saharan Africa. He will be based out of the group’s office in Johannesburg.
Mr. Mboweni served as Governor of the South African Reserve Bank from 1999 to 2009 where he built a reputation as one of the world’s foremost and highly respected Central Bank Governors. In 2001 he was named Euromoney Central Bank Governor of the Year. Prior to his time at the Reserve Bank he served as Minister of Labour in President Nelson Mandela’s Cabinet from 1994 to 1998. He also held various positions within the African National Congress. Most recently he was appointed Chairman for AngloGold Ashanti and Nampak.
Commenting, Colin Coleman, Managing Director, Head of South Africa office and Investment Banking Division for Sub Saharan Africa, Goldman Sachs, said: “We are delighted to welcome Mr. Mboweni to our International Advisory Board. In his capacity as an advisor, Mr. Mboweni's unique experience, wealth of wisdom and knowledge in the political and financial arenas will compliment our capabilities in South Africa, Sub-Saharan Africa and around the world.”
Commenting on his appointment, Mr. Mboweni, said: “This is an exciting move for me. Goldman Sachs has built an excellent track record in the region over many years and I am very pleased to be joining this high calibre international advisory team. I look forward to helping the group strengthen its leading position in Sub-Saharan Africa and elsewhere.”
Mr. Mboweni holds a Bachelor of Arts in Economics and Political Science from the University of Lesotho and Master of Arts in Development Economics from the University of East Anglia in England. He has also received various honorary designations from academic institutions including Honorary Professor of Economics from the University of South Africa, Doctor of Economics, Honoris Causa, from the University of Natal and Chancellor of the University of the North-West.
Mr. Tito Mboweni – Biographical Details
• The youngest of three children, Mr. Mboweni was born on 16 March 1959. He grew up in Tzaneen in Limpopo Province of South Africa.
• He attended the University of the North between 1979 and 1980, where he registered for a Bachelor of Commerce degree. He did not complete his studies there and left South Africa to go into exile in 1980.
• While in exile in Lesotho, he joined the African National Congress (ANC), South Africa's governing party, and was an activist for the party in many capacities.
• He obtained a Bachelor of Arts degree in economics and political science from the National University of Lesotho in 1985. In 1987 he obtained a Master of Arts degree in development economics from the University of East Anglia in England.
• Mr. Mboweni returned to South Africa in the 1990s. He was appointed Deputy Head of the ANCs Department of Economic Policy. He also served as a representative of the ANC on domestic and international platforms.
• Mr. Mboweni was Minister of Labour from May 1994 to July 1998 in President Nelson Mandela's cabinet. He was a member of the ANC's National Executive and National Working Committees and was also Chairperson of the National Executive Committee's Economic Transformation Committee, which coordinated the development of ANC economic policies.
• In 1995, he was honoured by becoming one of the World Economic Forum’s Global Leaders of Tomorrow.
• In 1997 he became Head of the ANC’s Policy Department. His responsibilities were to manage and guide the party’s policymaking processes.
From 1999 to 2009, Mr. Mboweni was Governor of the South African Reserve Bank.


  1. This is a cynical point of view

  2. You're most welcome to challenge me.

  3. why dont you go to australia at least have the courage of your convictions and LEAVE!!!!!

    OTHERWISE - WAKE the F**K UP -- you are in a negative feedloop of racist nonsense - you have been infected with negativity hiv - the same virus that said we would never build a single stadium on time - i am so sick of people living the good life here and whinging and whining and wringing their hands non stop. Your whole worldview is based on half truths - the ANC is invincible, the youth league leaders statments are true, your are a LOSER and they are winners

    The SQUID is in the US our corruption is mere plankton compared - you are just like Lloyd - pepole are suffering and dont have food and like him you dont ever think of them or that universities adn pensions funds have triple A so they can protect their trust and Lloyd said it never occurred to him that people were hurting its just about the selfish bonus.

    Think out the box for once -- Tito could be a reverse poison pill for the Squid - i dont for a moment think he would sell out his people rather the reverse but you cant see it can you?

    You had a worthwhile blog = dont spoil it with CRAP


    Kevin Cape Town SA

  4. Kevin, I stand back in awe.

    Is it really necessary to use this language?

    Is there something racist in my blog? Is it wrong to take the piss out of our leaders and regard ALL their actions UPFRONT as highly suspicious?

    Are not ALL politicians power mongers?

    It is just an opinion waiting to be challenged and no, I am not going to Australia as I am happy here thank you.

    But do something about your anger, will you?

  5. I didnt pick up any racism, cynicism yes but thats just a consequence of reading too much news, either way opinions r opinions and everyones got them