Here is a list of the top ten richest South African politicians and their net worth.
10. THABO MBEKI – net worth – R138 Million.
Thabo Mbeki is the South African politician and was the president of South Africa from 1999 to 2008 as the 2nd post-apartheid president of South Africa. He used his authority as the president to increase the household income and jobs creations and during his occupancy the economy grow with an average rate of 4.5 percent per year.
9. JACOB ZUMA – net worth – R276 million.
Jacob Zuma is a South African politician and the current president of South Africa. He was first elected in 2009 general election and was elected again in 2014. He is also the president of the African National Congress (ANC).
8. FREDERIK WILLEM – net worth – R635 million.
Frederik Willem is the South African politician and served as the president of country’s state from 1989 to 1994. Frederik was the 7th and the last head of the South African state under the apartheid era. He plays a major role to transform the South Africa into non-racial democratic state and reduces the discrimination and has given equal voting rights to the citizens of Africa. He receives the Nobel Peace Prize with the Nelson Mandela in 1993 for his contribution the end the apartheid in Africa.
7. MIKE TEKE – net worth – R936 million.
Mike Teke is the South African politician and the president of the SA Chamber of the Mines. He is the founder of the beneficiation and mining company “Dedicoal” and the non-executive director of the Rolfes Tech Holdings. He is also the chairman of the Optimum Coal which he cofounded. He is also a shareholder of the cratos capital.
6. SAKI MACOZOMA – net worth – R979 million.
Sakumzi Justice Macozoma is a South African former political prisoner who is now one of South Africa’s most prominent businessman and a leader in civil society. Macozoma became the member of the parliament in 1994 but he left the legislation authority and becomes the MD of the Transnet Ltd which is the largest network and controls the railway network in South Africa. He is the head of the Liberty Holdings and the vice chairman of the standard bank.
5. VINCENT MNTAMBO – net worth – R1.4 billion.
Vincent Mntambo is the South African politician, businessman and the founder of the Sediba Accord and Sediba Consulting. He has also served as the senior lecturer in the Natal University. He has long professional career as an executive of several conglomerates such as the chairman of the ASG business solution, executive director of IMSSA and the non-executive director of the Eyesizwe coal.
4. PHUTHUMA NHLEKO – net worth – R1.9 Billion.
Phuthuma Nhleko is the South African politician and businessman; he is the former Chairman of the MTN Group which is the African largest holding group of GSM cellular networks and has 6000 employees. He is also the chairman of the of the African worldwide investment holding company that holds the stakes in the information technology and telecommunication industries.
3. SIPHO NKOSI – net worth – R2.2 Billion.
Sipho Nkosi is a South African politician and a businessman. He was appointed as the director of the business leadership of South Africa in 2014. He started his career with the Ford Motor company as the market analyst in 1980 and also works with the Anglo American coal as the marketing coordinator. He is the director and the CEO of the Exxaro Resources and the non executive director of the Sanlam.
Nkosi founded Eyesizwe Coal in 1998, and then went on to do the deals that would eventually land him as the fourth richest black man in South Africa. He was the president of the SA Chamber of Mines up until 2012.
2. TOKYO SEXWALE – net worth – R2.7 Billion.
Tokyo Sexwale is a South African businessman and politician. After the 1994 general election—the first fully democratic election in South Africa—Sexwale became the Premier of Gauteng Province.
He founded Mvelaphanda Holdings, a company of which he is still executive chairman. Mvelaphanda is primarily focused on the mining, energy, oil, diamond mining and related sectors.
He is also a former political prisoner and the anti-apartheid activist with charismatic leader Nelson Mandela. He is a major participant in the diamond industry.
Mvelaphanda Group is the third largest company in the diamond sector after De Beers and the JFPI Corporation. He is the director of the Absa Limited, Allied Electronics and Gold Fields. He is also the chairman of Trans Hex and Northam Platinum Limited.
1. CYRIL RAMAPHOSA – net worth – R7.4 Billion.
Matamela Cyril Ramaphosa is a South African politician, businessman, activist, and trade union leader who has served as the Deputy President under President Jacob Zuma since 2014. He is the chairman of national planning commission which is accountable for the strategic planning of the country.
Cyril Ramaphosa made his fortune mostly through the Shanduka group, though he is also the chairman of Bidvest, while being a non-executive director in Macsteel Holdings, Alexander Forbes and Standard Bank.