Published On: 20 October, 2022Categories: Press Release

Tito Mboweni Appointed on Board of South Africa Zijin Platinum

[Woodmead, 20th October 2022] Nkwe Platinum Limited and South Africa Zijin Platinum (Pty) Limited (wholly-owned subsidiaries of multinational mining company, the Zijin Mining Group) announced today the appointment of former South African Finance Minister, Mr. Tito Mboweni, as non-executive director and Deputy Chairman of South Africa Zijin Platinum (Pty) Limited. with effect from the 14th of October 2022

Mr. Mboweni was the Minister of Finance of the Republic of South Africa from 2018 to 2021, after holding positions of Minister of Labour and Governor of the South African Reserve Bank respectively.

Mr. Mboweni served as the ANC’s Deputy Head of the Department of Economic Policy prior to being appointed Minister of Labour. Mboweni served as the chair of the National Executive Committee’s Economic Transformation Committee, which oversaw the formulation of ANC economic policies. He was also a member of the National Executive and National Working Committees of the ANC.

From 1994 to 1998, Mboweni was the Minister of Labour in South African President Nelson Mandela’s administration. The post-Apartheid labour legislation in South Africa, which permitted collective bargaining and the creation of labour courts, was drafted at the time by Tito Mboweni during his tenure as Minister of Labour. In 1995, he was named as one of the Global Leaders of Tomorrow by the World Economic Forum.

Mboweni was named head of the ANC’s Policy Department in 1997, which oversaw the organisation’s policy-making procedures.

In 1999, Mboweni was appointed as Governor of the South African Reserve Bank, becoming the first Black South African to hold the post.

In his capacity as governor, he oversaw the implementation of the inflation targeting policy to assist the bank in achieving price stability and dealt with the rand’s decline as a result of regional and international developments.

Mboweni joined Goldman Sachs International as an international adviser in June 2010, where he gave the company strategic recommendations on business expansion possibilities with a focus on South Africa and Sub-Saharan Africa.

As Deputy Chairman of South Africa Zijin Platinum (Pty) Ltd’s board of directors, Mboweni will provide guidance and expertise to management relating to the business plans, strategies, and objectives of the company.

In 2021, South Africa Zijin Platinum (Pty) Ltd was appointed as Nkwe Platinum Limited’s mining contractor in respect of the Zijin Garatau Platinum Mine in Limpopo. The company strongly adheres to the co-development belief of “Mining for a Better Society” and believe that the development of enterprises is closely related to the sustainable development of our surrounding communities.

To date, Nkwe Platinum Limited has spent approximately R50 million on its Social and Labour Plans. The investment includes the upgrading of the Garatau Community Access Road, as well as community skills development programmes and solar-powered water systems, which have benefited the mine’s communities.

The company’s community empowerment initiatives, include contracts being awarded to communities partnered with local businesses and community established companies in respect of box-cut site clearance, crusher material supply, tipper truck and diesel supply as well as other various projects.

MD and CEO of South Africa Zijin Platinum (Pty) Ltd, Mr. Zhiyu Fan, says, “We are very proud to have Mr. Mboweni join our dynamic team. We welcome his wealth of industry experience and strategic leadership skills to the company. We look forward to his contribution in leading the next developmental phase of our group.”

Mr Mboweni obtained a Bachelor of Arts (honours equivalent) 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.

Mboweni also served as honorary Professor of Economics at the University of South Africa. He was appointed as Chancellor of the University of the North-West on February 23, 2002, after being elected to that position. Mboweni was designated Professor Extraordinary in Economics by the University of Stellenbosch from 1 April 2002 to 31 March 2005.


About The Zijin Mining Group

The Zijin Mining Group is a large multinational mining group. It is engaged in the exploration and development of copper, gold, zinc and battery metals worldwide, as well as the research of engineering technology.

The Zijin Mining Group has mining projects in 15 provincial-level regions in China and 13 other countries across the globe. We operate major projects in China, such as the Julong Copper Mine in Tibet, the Duobaoshan Copper Mine in Heilongjiang, the Zijinshan Gold and Copper Mine in Fujian, the Ashele Copper Mine in Xinjiang, Shanxi Zijin, Guizhou Zijin, and Longnan Zijin. Our main overseas assets include the Čukaru Peki Copper and Gold Mine and the Bor Copper Mine in Serbia, the Kamoa-Kakula Copper Mine and the Kolwezi Copper Mine in the DRC, the Buriticá Gold Mine in Colombia, and the Zijin Garatau Platinum Mine in South Africa.

The Zijin Mining Group ranks No.325 in the 2022 Forbes Global 2000 list, No.1 among global gold companies, No.7 among metal miners; No.407 in the 2022 Fortune Global 500 list, and No.53 in the Fortune China 500 list.

Zijin’s core competitiveness lies in innovation, especially technological innovation. It has a wealth of experience in geological exploration; hydrometallurgy; the processing of low-grade, refractory ores; and large-scale engineering projects.

Zijin’s vision is “Mining for a Better Society”. It stands by the values of “Harmony Brings about Wealth” and “Balanced Development of the Company, its Employees and the Wider Society”.




Media Contact Person:

Sophia Liu

PR Manager

Cell: +27 66 530 0863


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