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Former South African Bank Governor Mboweni Is Hired by Goldman

Former South African central bank Governor Tito Mboweni will join Goldman Sachs Group Inc. as an international adviser on June 1.

Mboweni will be based at Goldman’s Johannesburg office and provide strategic advice to the U.S. bank on business development opportunities, with a focus on South Africa and sub-Saharan Africa, the New York-based company said today in an e-mailed statement.

A former labor minister in President Nelson Mandela’s first Cabinet in 1994, Mboweni, 51, left the South African Reserve Bank in November after a decade at its helm, declining President Jacob Zuma’s offer to serve a third term. Mboweni was named chairman of AngloGold Ashanti Ltd., Africa’s biggest gold producer, on Feb. 24, three weeks after he was appointed to the same position at packaging-maker Nampak Ltd.

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