South Africa's Mboweni rejects ANC seat

Tito Mboweni, the governor of the South African Reserve Bank, has turned down the chance to stand as a candidate for the African National Congress (ANC), the ruling political party, in the country's upcoming general elections. The decision signals that the governor may serve a third term at the central bank.

Mboweni confirmed that he received a call on Wednesday evening from Gwede Mantashe, the secretary general of the ANC, informing him that he had been nominated for a seat. The Star, a news