Minister Pravin Gordhan holds shares in a wide range of listed companies, a document released by Parliament’s ethics committee on Tuesday showed.
The 2016 register of members’ interests lists the financial interests of the members of the National Assembly and the National Council of Provinces, and the gifts they have received.
Gordhan’s interests, ranging from as little as R200 to R200 000, show he is invested in some of the biggest JSE-listed companies. His portfolio of shares span from major banks, mines, brewers, real estate investment trusts to retailers, telecommunications and transport services. Some of the big names include MTN, Pick n Pay, Steinhoff, Growth Point, Naspers, Tiger Brands and Aspen.
The minister also disclosed gifts with a total estimated value of R3 000 received from Nestle, the embassy of Palestine, Iran and businessman Koos Bekker and his family.
Political analyst Daniel Silke said any serving MP or minister can own shares in listed companies.
“Indeed, most state pension schemes have similar portfolios and other related entities including some political parties and trade unions.”
He said the holding of banking stock should simply be seen in the same light.
“If Gordhan faces criticism for this, then any state related entity investing in similar companies should suffer the same critique.”
MPs who did not meet the deadline to submit their financial interests and gifts will be given seven days to explain why they failed to do so.
President Jacob Zuma does not have to declare his interests in this register, but declares them to the secretary of Cabinet.