Mthuli Ncube

{{Short description|Zimbabwean economist and politician}} {{Use dmy dates|date=April 2026}} {{Infobox officeholder | honorific_prefix = The Honourable Prof. | name = Mthuli Ncube | native_name = | native_name_lang = | school_tradition = | image = File:Mthuli Ncube.png | image_size = | caption = Ncube in 2018 | office = Minister of Finance and Investment Promotion of Zimbabwe | term_start = 10 September 2018 | term_end = | president = Emmerson Mnangagwa | predecessor = Patrick Chinamasa | successor = | deputy = David Kudakwashe Mnangagwa | birth_date = {{birth date and age|1964|11|30|df=y}} | birth_place = Bulawayo, Southern Rhodesia | death_date = | death_place = | resting_place = | resting_place_coordinates = | alma_mater = Cambridge University | influences = | influenced = | awards = | memorials = | spouse = | signature =  | module = }}

'''Mthuli Ncube''' (born 30 November 1964),<ref name="Birth">The journal ''Africa Confidential'' lists his birth date as 30 November 1964 {{Cite web|title=Mthuli Ncube |publisher=Blackwell Publishing |url=https://www.africa-confidential.com/profile/id/3241/Mthuli_Ncube |accessdate= 5 March 2020 }}; although the entry at {{Cite web| title= Ncube, Mthuli, 1963- | url= http://id.loc.gov/authorities/names/n2013034158.html | publisher= Library of Congress |accessdate= 28 September 2014 }} uses 1963.</ref> is the Finance Minister in the Zimbabwe cabinet appointed by president Emmerson Mnangagwa<ref name="Dzirutwe">{{Cite news|last=Dzirutwe |first=MacDonald |date=7 September 2018 |title=Zimbabwe's Mnangagwa names ex-banker Mthuli Ncube finance minister |work=Reuters |url=https://www.reuters.com/article/us-zimbabwe-politics/zimbabwe-mnangagwa-names-former-banker-mthuli-ncube-as-finance-minister-idUSKCN1LN1NW |archive-url=https://web.archive.org/web/20180908135202/https://www.reuters.com/article/us-zimbabwe-politics/zimbabwe-mnangagwa-names-former-banker-mthuli-ncube-as-finance-minister-idUSKCN1LN1NW |archive-date=8 September 2018 |url-status=live |df=dmy}}</ref> and past chief economist and Vice President of the African Development Bank.<ref>{{Cite news|title=Sweden's H&M Sets Sail For Africa |last=Clark |first=Meagan |date=15 January 2014 |newspaper=International Business Times |url=http://www.ibtimes.com/swedens-hm-sets-sail-africa-1540654 |archive-url=https://web.archive.org/web/20140122031632/http://www.ibtimes.com/swedens-hm-sets-sail-africa-1540654|archive-date=22 January 2014 |url-status=live |df=dmy}}</ref><ref>{{Cite news|title=Africa's Middle Class Spearheads Economic Growth |date=26 December 2013 |publisher=International Monetary Fund |url=https://www.imf.org/external/pubs/ft/survey/so/2013/INT122613A.htm |archive-url=https://web.archive.org/web/20180105033838/http://www.imf.org/en/News/Articles/2015/09/28/04/53/soint122613a |archive-date=5 January 2018 |url-status=dead |df=dmy}}</ref> He holds a PhD in Mathematical Finance from Cambridge University. On 7 September 2018, President Emmerson Mnangagwa announced Zimbabwe's new cabinet where he named Professor Mthuli Ncube as the Finance Minister.<ref name="Banda">{{Cite magazine|title=Mnangagwa names #ZimCabinet, appoints African Development Bank Vice President Prof Mthuli Ncube as Finance Minister |magazine=Celeb Gossip News |date=7 September 2018 |url=https://www.celebgossip.co.za/international-news/5148-mnangagwa-names-zimcabinet-appoints-african-development-bank-vice-president-prof-mthuli-ncube-as-finance-minister.html |archive-url=https://web.archive.org/web/20180907183125/https://www.celebgossip.co.za/international-news/5148-mnangagwa-names-zimcabinet-appoints-african-development-bank-vice-president-prof-mthuli-ncube-as-finance-minister.html |archive-date=7 September 2018 |url-status=live |df=dmy}}</ref>

In the 2023 Zimbabwean general election, Ncube lost the newly created seat of Cowdray Park to Pasho Raphael Sibanda from the Citizens Coalition for Change.<ref>{{Cite web |last=Muzavazi |first=Shakespeare |date=2023-08-24 |title=ZANU PF candidate locks borehole after losing to CCC; as Mthuli Ncube loses in Cowdray Park |url=https://zwnews.com/zanu-pf-candidate-locks-borehole-after-losing-to-ccc-as-mthuli-ncube-loses-in-cowdray-park/ |access-date=2023-08-25 |website=Zw News Zimbabwe |language=en-GB}}</ref><ref>{{Cite web |title=No, Mthuli Ncube has not won Cowdray Park seat |url=https://www.thezimbabwean.co/2023/08/no-mthuli-ncube-has-not-won-cowdray-park-seat/ |access-date=2023-08-25 |website=www.thezimbabwean.co}}</ref>

==Academic career== Before joining the bank, he was dean and professor of finance at Wits Business School and then dean of the faculty of Commerce, Law and Management at the University of the Witwatersrand (Wits) as well as a lecturer in finance at the London School of Economics.

He has published a number of award-winning papers{{Citation needed|reason=What awards?|date=January 2019}} in the area of finance and economics as well as a number of books including, ''Mathematical Finance: Option and Asset Pricing'';<ref>{{Cite book|last=Ncube |first=Mthuli |year=2010 |title=Mathematical Finance: Option and Asset Pricing |location=Sandton, Johannesburg, South Africa |publisher=Heinemann |isbn=978-0-7962-3386-8}}, no reviews found.</ref> ''South African Dictionary of Finance'' (editor);<ref>{{Cite book|last=Wuite |first=Rudy |year=2009 |editor-last=Ncube |editor-first=Mthuli |title=South African Dictionary of Finance |location=Northcliff, South Africa |publisher=Rollerbird Press |isbn=978-1-920334-02-4}}</ref> ''Financial Systems and Monetary Policy in Africa'';<ref>{{Cite book|last=Ncube |first=Mthuli |year=2008 |title=Financial Systems and Monetary Policy in Africa |location=Nairobi, Kenya |publisher=African Economic Research Consortium |isbn=978-9966-778-30-7}}, no reviews found.</ref> ''Development Dynamics: Theories and Lessons from Zimbabwe'';<ref>{{Cite book|last=Ncube |first=Mthuli |year=1991 |title=Development Dynamics: Theories and Lessons from Zimbabwe |location= Aldershot, Haunts, England |publisher=Avebury |isbn=978-1-85628-087-7}}, no reviews found.</ref> and ''Monetary Policy and the Economy in South Africa'' (with Eliphas Ndou).<ref>{{Cite book|last1=Ncube |first1=Mthuli |last2=Ndou |first2=Eliphas |year=2013 |title=Monetary Policy and the Economy in South Africa |location=London |publisher=Palgrave Macmillan |isbn=978-1-137-33414-5}}</ref>

Ncube is currently a visiting professor at the University of Oxford.<ref name="Oxford">{{Cite web|title=Mthuli Ncube, visiting professor 2017–2020 |publisher=University of Oxford |url=https://www.bsg.ox.ac.uk/people/mthuli-ncube |archive-url=https://web.archive.org/web/20181029025413/https://www.bsg.ox.ac.uk/people/mthuli-ncube |archive-date=29 October 2018 |url-status=live |df=dmy}}</ref>

==Work at the African Development Bank== Ncube was the Chief Economist and Vice President of the African Development Bank (AfDB).<ref name="Oxford" /> As Chief Economist, he oversaw the Economics Complex, which is focused on the process of knowledge management within the Bank and with its partners, and general strategic economic research within the Bank. In this regard, he supervised the Development Research Department, Statistics Department and African Development Institute. As a vice president, Professor Mthuli Ncube was a member of the senior management team of the Bank and contributed to its general strategic direction.<ref name="Banda" />

==Other work== Ncube was also a regulator and a board member of the South African Financial Services Board (FSB), which regulates non-bank financial institutions in South Africa, founding chairman of Barbican and Selwyn Capital and worked for Investec Asset Management as a Portfolio Manager and Head of Asset Allocation Strategy.<ref name="Oxford" />

Ncube has also been chairman of the Board of the African Economic Research Consortium,<ref name="Vibrant-Bio">{{Cite web|title=Mthuli Ncube, Vice President and Chief Economist |date=2012 |work=Distinguished Lecture Series |publisher=Vibrant Media |location=Johannesburg, South Africa |url=http://www.vibrantmedia.co.za/m/wbs/12/DistinguishedLectureSeries/DLS_MthuliNcube/bio.pdf |archive-url=https://web.archive.org/web/20160109044039/http://www.vibrantmedia.co.za/m/wbs/12/DistinguishedLectureSeries/DLS_MthuliNcube/bio.pdf |archive-date=9 January 2016 |url-status=live }}</ref> chairman of the Global Agenda Council on "Poverty and Economic Development" (World Economic Forum) and a governor of the African Capacity Building Foundation.<ref>{{Cite web|title=Mthuli Ncube|url=https://www.theigc.org/person/mthuli-ncube/|access-date=2020-11-04|website=IGC|language=en-GB}}</ref>

==Finance Minister== Ncube was appointed Finance Minister of Zimbabwe on Friday 7 September 2018 under President Emmerson Mnangagwa's government.<ref name="Dzirutwe" /><ref name="Banda" /> In 2019, he presided over the conversion from foreign currency to a new Zimbabwean currency, and the resultant return of hyper-inflation.<ref name="Mordasov">{{Cite news|last=Mordasov |first=Pavel |date=9 October 2019 |title=The Return of Hyperinflation in Zimbabwe |newspaper=Mises Wire |publisher=Mises Institute |location=Auburn, Alabama |url=https://mises.org/wire/return-hyperinflation-zimbabwe |archive-url=https://web.archive.org/web/20191011051941/https://mises.org/wire/return-hyperinflation-zimbabwe |archive-date=11 October 2019 |url-status=live }}</ref><ref name="Amin">{{Cite news|last=Amin |first=Haslinda |title=At More Than 500%, Zimbabwe's Ncube Sees Inflation Stabilizing |date=22 January 2020 |newspaper=Bloomberg News |url=https://www.bloomberg.com/news/articles/2020-01-22/at-more-than-500-zimbabwe-s-ncube-sees-inflation-stabilizing |archive-url=https://web.archive.org/web/20200226133208/https://www.bloomberg.com/news/articles/2020-01-22/at-more-than-500-zimbabwe-s-ncube-sees-inflation-stabilizing |archive-date=26 February 2020 |url-status=live }}</ref><ref>{{Cite news|last=Vinga |first=Alois |date=26 January 2020 |title=Ncube scorned for Davos claims Zim economy recovering |newspaper=New Zimbabwe |url=https://www.newzimbabwe.com/ncube-scorned-for-davos-claims-zim-economy-recovering/ |archive-url=https://web.archive.org/web/20200126101330/https://www.newzimbabwe.com/ncube-scorned-for-davos-claims-zim-economy-recovering/ |archive-date=26 January 2020 |url-status=live }}</ref> Ncube suspended publishing inflation data after June 2019,<ref name="Amin"/> and in October 2019 he indicated inflation figures for Zimbabwe would again be released in February 2020.<ref name="Mordasov" />

==Personal life== Ncube is married and has four children or more.<ref name="Vibrant-Bio" />

==Notes and references== {{Reflist|2}}

==External links== *[http://www.afdb.org/en/knowledge/economics-research/our-researchers/mthuli-ncube/ Profile at the African Development Bank]

{{DEFAULTSORT:Ncube, Mthuli}} Category:21st-century South African economists Category:Finance ministers of Zimbabwe Category:Academic staff of the University of the Witwatersrand Category:Alumni of the University of Cambridge Category:20th-century South African economists Category:1963 births Category:Living people