Jabu Moleketi
Jabu Moleketi
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Jabu Moleketi

Phillip Jabulani Moleketi (born 15 June 1957) is a South African businessman and former politician. A member of the African National Congress (ANC), he was the Deputy Minister of Finance between April 2004 and September 2008. Before that, he was Member of the Executive Council (MEC) for Finance and Economic Affairs in Gauteng Province from May 1994 to April 2004. He was a member of the ANC National Executive Committee between December 1997 and December 2007.

Born in Soweto, Moleketi was an underground operative for the ANC's armed wing, Umkhonto weSizwe, during the anti-apartheid struggle. After the end of apartheid, he was appointed to the Gauteng Executive Council, where he headed the Gauteng Treasury under three consecutive premiers. Though a senior member of the South African Communist Party, Moleketi was reputed for his pro-market economic policies and was an outspoken opponent of so-called ultra-leftism in the party. President Thabo Mbeki promoted him to the National Treasury after the April 2004 general election, and he was viewed as a likely successor to Minister of Finance Trevor Manuel.

After Mbeki was unseated from his leadership positions, Moleketi lost his position in the ANC National Executive and resigned from government in September 2008. In later years he served as chairman of the Development Bank of Southern Africa and in various private-sector positions, including as chairman of Brait, Vodacom, and iOCO. He currently serves as the Chairman of PPC Limited.

Moleketi was born on 15 June 1957 in Pimville, a township in Soweto in present-day Gauteng Province. His father had been a miner and his mother was a domestic worker; neither was literate or politically active, and they lived in a one-room house in Pimville where they raised Moleketi in the Catholic Church. He also had two sisters, one a nurse and the other a social worker. He attended Nchanga High School, a Catholic boarding school in the Valley of a Thousand Hills, but he was expelled in 1973 after he participated in a protest in solidarity with classmates who had themselves been expelled for bringing their girlfriends into the dormitories. Though he had been training to become a priest, Moleketi became disillusioned with the Catholic Church after his expulsion and henceforth abandoned organised religion.

After his expulsion, Moleketi attended Musi High School in Pimville. There he became involved in Black Consciousness politics through the South African Students' Movement (SASM); other members of his SASM branch included Jackie Selebi—a history teacher at the school—and Murphy Morobe and Billy Masetlha. He matriculated in 1975 and wanted to train as a medical doctor but could not attend university without a scholarship. Instead, unemployed, he spent 1976 participating in the Soweto uprising protests.

After the end of apartheid, while serving in government, Moleketi studied financial economics at the University of London, completing a master's degree in 2002.

During the Soweto uprising, Moleketi was recruited into the underground African National Congress (ANC) by an activist named Roller Masinga, and in December 1976 he left the country to join the ANC in exile. He received training with the ANC's armed wing, Umkhonto weSizwe (MK), in neighbouring Mozambique, and then returned to South Africa as part of an MK combat unit. Between April 1977 and December 1980, he was an underground MK operative in South Africa, reporting to Siphiwe Nyanda's so-called Transvaal Urban machinery. For cover, Moleketi worked in the Catholic Church as a youth organiser for the Southern African Catholic Bishops' Conference. He lost his right eye in an explosion in an early sabotage operation in June 1977.

After Moleketi's unit's cover was endangered in late 1980, he returned to exile with the ANC. He received military training in Angola, officer training in the Soviet Union over a year in 1982 to 1983, and advanced military training in Cuba in 1989; he also spent time in the Lesotho, Mozambique, Zambia, and, for much of the latter half of the 1980s, Zimbabwe. During this period he was recruited into the South African Communist Party (SACP), and Ivan Pillay recruited him into the ANC's top-secret Operation Vula mission in the final years of apartheid. After the ANC and SACP were unbanned in 1990 during the negotiations to end apartheid, Moleketi returned to South Africa in 1991 as a full-time organiser for the SACP.

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