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Beware ‘thieves’ in nuclear plan, says Mboweni


FORMER Reserve Bank governor Tito Mboweni on Tuesday night took on his colleagues in the African National Congress (ANC) on nationalisation, the nuclear power plan and land reform.
Those still calling for the nationalisation of mines and the central bank were engaging in the wrong debate, he said.

“It is very difficult to explain this when you are in a party political conference, to say that the mining sector is no longer the major sector in the South African economy. There’s been a structural shift and that the tertiary sector … is the dominant one,” he said at a lecture at the Wits University School of Economic and Business Sciences, where he is an honorary professor.

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