South Africa's Billionaires List Revealed
South Africans were stunned by the list of top 10 billionaires in the country, which included Patrice Motsepe and President Cyril Ramaphosa as the least wealthy.
President Ramaphosa's billionaire status comes mainly from his business career before becoming president, with a net worth of R7.75 billion.
- He founded Shanduka Group, an investment holding company, after leaving politics in the mid-90s.
- Through the company, he built stakes in several big South African and multinational companies.
- The Phala Phala Game Farm is also one of Ramaphosa's significant sources of income.
No comment from the president regarding the list.
Author's summary: SA billionaires list stuns citizens with Ramaphosa at the bottom.
More News
- Suspect in Kada Scott disappearance seen peering into woman's window in viral video: sources
- Best Esports Betting Sites in 2025 - Top Bookmakers, Tips & Offers
- Nottingham Forest transfer replacement booed off - Attack has collapsed
- The John Bolton Indictment Is Different
- Creating a City & Guilds fit for the fourth industrial revolution
- Captain KL to lead Cook Islands
- RBA payments review - What it means for Cuscal, banks & fintechs
- What Impact will TrumpRx and Other DTC Programs Have on Drug Availability? | PharmExec
- Edinburgh Zoo welcomes pair of camel brothers
- Mentone Town Council Adopts 2026 Budget