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 The
Honourable Timothy T.Thahane was born at Mpharane,
Leribe district, on November 2, 1940.
His interest in figures and matters financial developed
and took root years ago, having graduated with a
Bachelor of Arts (Honours) in Economics and a Bachelor
of Commerce (Management and labour Relations) from
Memorial University of Newfoundland, St.Johns, Canada,
in 1967 and, a year later a Master's degree in Economics
from the University of Toronto.
Memorial University of Newfoundland, St.Johns awarded
him an LLD (Honoris Causa) in recognition of his
contributions to finance in 1999.
Dr.Thahane was Director of Planning in the Central
Planning and Development department in the Prime
Minister's Office from 1968 to 1973, responsible for,
amongst others, the preparation of the First
Transitional National Development Plan 1970 - 1974. It
was also during this time that he served as Lesotho's
Alternate Governor to the World Bank Group. He was also,
during this period (1969 - 1974), the country's
Representative on the Administrative Council of the
International Centre for the Settlement of Investment
Disputes (ICSID) and Member of the Panel of
Conciliators.
He was appointed the country's ambassador to the then
European Economic Commission (EEC) in Brussels from 1973
to 1974. The following two years saw Dr.Thahane as an
Alternate Executive Director for Africa Group 1 in the
World Bank Group, finally an Executive Director for the
Africa Group 1 from 1976 to 1978. In this position he
served as Vice Chairman of the Joint Audit Committee.
From 1978 to 1980, he served as Lesotho's ambassador to
the United States, moving on later in 1980, to become
Vice President and Secretary to the Work Bank and its
Affiliates. During the 16 years that he was here,
Dr.Thahane served on the Financial Policy; Managing;
Reorganisation Steering; Personnel and Administration;
Policy and Research Committees as well as becoming a
Member of the President's Council.
Headhunted by the new South Africa, Dr.Thahane became
Deputy Governor of that country's Reserve Bank from 1996
until 2001. He was appointed to the Lesotho Cabinet as
Minister of Finance and development Planning in 2002, a
position he holds to date.
Other Professional Activities
1969 – 1976 Attended Annual Commonwealth Finance
Ministers and Senior Finance Officials Conferences;
participated in setting up of the Commonwealth Fund for
Technical Cooperation in 1969.
Participated in the United Nations Economic Commission
for Africa (UN-ECA) Panel of Experts on “Intra-African
Cooperation and Africa’s Relations with the European
Economic Community (EEC)” and in various Africa Economic
and Technical meetings organized by the African Economic
Commission for Africa.
Addressed and lectured at various International and
Regional Professional and Development Seminars and
Conferences in Africa, Europe, U.S.A and Asia.
Professional Papers And Publications
1998 - “Financial Cooperation in SADC” in South Africa
and Southern Africa; Regional Integration and emerging
Markets, the South African Institute of International
Affairs, Johannesburg.
1998 T.T Thahane and E.J Van der Merwe, “Mercosur and
SADC: Investment and Trade Linkages” paper presented at
the Conference of “Mercosur and SADC” organized by the
South African Institute of International Affairs,
Johannesburg.
1988 “International Labour Migration in Southern Africa”
in Migration and Development: The Unsettled
Relationship” edited by Demetrios G. Papademetriou,
Greenwood Press, New Jersey.
1975 “The Impact of Major Factors of International
Economy on African Economic Development”, in
Perspectives in Afro-German Relations, Friedrich-Eberstiftung,
Bonn.
1974 “Development Planning” in Accelerated Development
in Southern Africa, edited by John Barratt, et. Al.,
Macmillan, London.
1973 “Lesotho: The Realities of Land-Lockedness” in Land
Locked Countries of Africa edited by Zdenek, Cervenka;
the Scandmavian Institute of African Studies, Uppsala.
1967 “The Role of Institutions in Manpower Training and
Utilization; prepared for the Royal Commission on the
Economic Prospects of Newfoundland, St. Johns,
Newfoundaland.
“Collective Bargaining Provisions in Major Manufacturing
Industries in Canada”, paper prepared for Department of
Labour and Manpower, Ottawa.
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