DISCOVERY has appointed former Finance Minister Tito Mboweni as an independent non-executive director of the group and its subsidiary Discovery Life to help with its expansion across the world and elsewhere in Africa.
Mboweni will also become a member of Discovery Life’s remuneration and risk and compliance committees, the company said in a statement on Friday.
Mboweni served as the Minister of Finance of South Africa from 2018 and resigned in 2021.
He later resigned as a member of Parliament in January 2022.
He previously served as the South African Labour Minister from 1994 to 1998 and was also the Governor of the South African Reserve Bank from 1999 to 2009.
Mboweni has recently been appointed as the Chairman of Accelerate Property Fund Limited.
He also serves as a Regional advisor to Goldman Sachs. In this role, he provides strategic advice to the firm on business investment opportunities within South Africa and sub-Saharan Africa.
Mboweni holds various qualifications, including a Bachelor of Arts in Economics and Political Science from the University of Lesotho (BA Econ and Pol) and a Masters in Arts in Development Economics from the University of East Anglia, United Kingdom (MA Econ).
He also holds a Diploma in International Business Diplomacy from Georgetown University.
“Given Discovery’s continued global expansion including into the African continent, Mr Mboweni will be hugely valuable to the Discovery Board and its Committees as his appointment will bring a wealth of experience in finance, economics, and business advisory within emerging markets to the Board and respective Board Committees. Mr Mboweni previously served on the Board of Discovery for the period 2013 to 2018 and the Board is pleased to welcome him back,” the company said in a statement.
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