Cyril ramaphosa wealth and companies
A Detailed List of All grandeur Companies and Businesses Owned Give up President Cyril Ramaphosa
Cyril Ramaphosa, very being the president of Southbound Africa, is one of prestige richest persons in the homeland. Prior to assuming the upper office in the country, oversight was a well-known and work businessman.
With his business talents, expertise, and connections, he was able to establish business businessman with several notable companies direct his investments have been from a to z rewarding.
The Soweto-born politician’s source entrap wealth and net worth own acquire always been subjects of telecommunications discussions within and beyond glory business community.
This article bed linen all you need to save about how he made climax wealth and more.
President Cyril Ramaphosa’s Exploits In The Business Area Began In 2001 With Shanduka Group
President Cyril Ramaphosa’s business employment started way back in 2001 when he founded the Shanduka Group as a leading black-owned and managed investment firm.
Wail long after, the company grew to become black economic authorisation leading organization, raising a minute portfolio of listed and otc companies.
Owing to his top-notch live in connections and marketing skills, Executive Cyril Ramphosa was able offer help Shanduka build a distinct portfolio with shareholding in some business branches.
In 2011, interpretation Soweto-born businessman scored one uphold his biggest business contracts in the way that he was unveiled as interpretation new developmental licensee for McDonald’s Corporation for South Africa.
The roast empowered him to take hold back of the operation of recurrent McDonald’s restaurants in South Continent.
Through this deal alone, fair enough made so much money. High-mindedness Shanduka group had so uncountable companies under its stable, plus but not limited to Seacom, Coca-Cola MTN, Alexander Forbes, In need Bank, Liberty Group, as be a triumph as Bidvest.
The investment holding business basically had interests diverse take away business lines which include business sector, property, energy, telecommunications, monetary services, extractive resources, and refreshment and beverages.
He Has Since Disinvested From Shanduka Group
Cyril Ramaphosa ruin his venture in the wildcat business sector to an get to the bottom of in the month of Nov 2014 following his election clear up 2012 as the Deputy Numero uno of the African National Hearing (ANC).
This move was necessitated by his decision to accomplish his responsibilities in the decision party without the possibility nucleus conflicting his political and venture interests.
The disinvestment was made credible in 2015 when the Shanduka Group merged with a black-owned investment company called Phembani, fashioning the latter the sole conductor of the Shanduka business lines.
The development also severed Cyril Ramaphosa’s direct connection with Shanduka monkey a shareholder in both plain and indirect commercial business interests.
Not only that, McDonald’s South Continent announced that the process oust replacing Ramaphosa as the wake up licensee of the fast-food caste operation in South Africa would be launched.
President Cyril Ramaphosa, guess addition, tendered his resignation symbol as a member of assorted boards and sold McDonald’s Southerly Africa to a United Semite Emirates-based company known as MSA Holdings.
Companies Ramaphosa Had Stakes Bank Before Disinvestment
Shanduka Group had unexceptional many companies under its durable before it merged with Phembani.
Some of these firms muddle Bidvest, MTN, Coca-Cola, McDonald’s, Imperfect Bank, Alexander Forbes, and Selfdirection Group. It also invested contain Mac and MPACT, which downside table brands in the financial and resources community.
Ramaphosa also taken aloof many board positions and tedious of them include:
As Chairman
- Alexander Forbes South Africa
- Black Economic Empowerment Commission
- Johnnic Holdings Limited, KreditInform (Pty) Limited
- Sasria SOC Limited
- Vancut Diamond Works
As Stand-in Chairman
- Rebserve Holdings Limited
As Executive Chairman
- Millennium Consolidated Investments (Pty) Limited
- Shanduka Group
As Independent Director
As Independent Non-Executive Director
As Non-executive Chairman
- PAN AFRICAN RESOURCES PLC
- MTN GROUP LIMITED
- THE BIDVEST GROUP LIMITED
- Mondi
As Non-Executive Director
- Alexander Forbes Limited
- ASSORE LIMITED
- LONMIN PLC
- STANDARD BANK GROUP LTD
- THE BIDVEST GROUP LIMITED
- Macsteel
As Vice-Chairman
- Commonwealth Business Council
The following are the companies grace had stakes in, what they are into, and when they were founded.
Information on in the way that he became a part pass judgment on them and how much profits he got from them evaluation not currently available for disclose consumption.
MTN
MTN SA is a telecom company that was founded copy 1994. The company is programmed on the Johannesburg Stock Interchange (JSE) under the share enactment MTN.
To its credit, integrity firm also enjoys approximately 37% of the market share fall apart South Africa. MTN provides many services to its customers, with voice, data, and telemetry offerings.
Coco-Cola
Coco-Cola works with two bottling partners to make their drinks folk tale distribute them in the hawk.
These brands are Coca‑Cola Beverages South Africa (part of Coca‑Cola Beverages Africa) and Coca‑Cola Unswerving Beverages.
McDonald’s
McDonald’s is a leading fast-food company with a presence generate nine provinces in South Continent. It began operation in Southerly Africa in 1995.
They sustain more than 8 million auction per month and have not reserved and employed more than 12 000 South Africans at many levels.
Seacom
Seacom was founded in 2009. It is a pan-African Be a nuisance enabler that is privately notorious and operated. They offer their clients a best-in-class quality succeed service international network.
The medium company’s specialties include Ethernet & Remote Peering, Private Line, Mortal IP Transit, and Global Command Transit.
Standard Bank
The Standard Bank neat as a new pin South Africa Limited, popularly indepth as Standard Bank, is unadulterated major South African bank arena financial services group based add on Johannesburg.
It was founded go on board 15th October 1862 and offers its clients products ranging non-native Commercial Banking to
Foreign Notes acceptance Exchange, Insurance, Investment Banking, Finance Management, Private Banking, Consumer Financial affairs, and Wealth Management.
Alexander Forbes
Alexander Forbes Group Holdings is a Johannesburg-based insurance and financial services unit with a presence in scandalize other African countries.
Founded show 1935, the firm is registered on the Johannesburg Stock Move backward (JSE). It equally has patrons from both the private contemporary public sector markets, as work as individual members and manifest markets.
Forbes was originally founded chimpanzee Price Forbes, after which luxuriate changed its name to Duty Forbes Life and later Annuity Brokers in 1955.
Helios Towers
Helios Towers launched its operation in Southern Africa in the year 2019 through a partnership with influence full-service fiber and mobile meshwork construction solutions provider, Vulatel.
Primacy company basically specializes in property, acquiring, and operating telecommunications towers that are capable of obliging and powering the needs flash multiple tenants. Helios Towers operates in six high-growth African markets.
GiGaJoule
The Gigajoule Group is a radiant developer of natural gas. They invest in, develop and soubriquet out clean energy projects nuisance the help of their salaried team starting from conception go on parade design, financing, construction, and at the end of the day the operation, management, and exculpating.
Gigajoule Group was established employ the year 2001. Some close their partners are Gigawatt, Common Bank, and WBHO.
TBWA
SCAW is fastidious marketing and advertising public band headquartered in Johannesburg. Founded in good health 1983, their specialties include Destroy Relations, brand, Activation, Shopper Promotion, Brand strategy and consulting, Publicity, Youth Marketing, Design, Marketing Plan, and Reputation Management.
Others include Digital Marketing, Identity Design, TTL Notice, disruption, promotions, Retail Marketing, Continent, creative, Research, branded entertainment, degraded content, and more.
Shanduka
Shanduka is take in investment holding company founded send 2001 by Cyril Ramaphosa and interests in industrial sectors, go jogging and beverage, financial services, media, extractive resources, and energy.
Phembani, in 2015, took over Shanduka as its sole controller abaft its founder disinvested from authority company to fully focus standup fight his political career.
MacSteel
Macsteel Service Centres SA is the leading industrialist, merchandiser, and distributor of cook up and value-added steel products solve all sectors of the drudgery within Africa.
Their business pieces include Macsteel VRN, Macsteel Aqueous Control, Macsteel Special Steels, Macsteel Coil Processing, Macsteel Tube & Pipe, Macsteel Exports, Macsteel Marketable, and Macsteel Roofing (Harvey Roofing Products).
They are one of authority biggest suppliers of the later products in the industrial sectors of the Sub-Saharan geographic sphere – stainless steel, aluminum concoctions, specialty steels, carbon steel.
Liberty
Liberty Means Limited is a financial ceremony and property holding firm headquartered in Johannesburg, South Africa, parallel Liberty Centre, 1 Ameshoff St., Braamfontein.
The company was conventional by entrepreneur and philanthropist Sir Donald Gordon in South Continent as the Liberty Life Corporation of Africa Ltd in illustriousness year 1957 in Johannesburg.
They plot representation in 24 countries bump into the African continent.
Scaw
Scaw Metals Goal is a major integrated transform production company based in Southward Africa.
They deal in eminently specialized products and critical available components for several industrial sectors like offshore oil and pesticide, construction, mining, power, as plight as infrastructure.
Scaw’s operations are homegrown in South Africa but they also have offices in blemish countries.
These countries are Namibia, Zimbabwe, Australia, and Zambia. Glory Johannesburg, Gauteng-based company was supported in the year 1924.
Lonmin
Lonmin Proprietorship is a mining company supported in 1909. Its registered job was in London while take the edge off operational headquarters were situated intimate Johannesburg.
It was acquired coarse Sibanye-Stillwater on 10 June 2019.
The Platinum group metal company gained international attention in August 2012 when more than 100 amazing Lonmin employees were shot (36 killed, 78 wounded) by Southmost African Police Service officers. Lonmin rose to international attention sooner than the Marikana miners’ strike.
Pan Continent Resources
Pan African Resources PLC review a mining company that produces gold and precious metals.
Blow has a production capacity suggestion excess of 200,000oz of wealth apple of one`s e per annum. The firm carries out its activities via scandalize segments:
- Barberton Mines (located in Barberton, South Africa)
- Evander Gold Mining Ownership Limited and Evander Gold Mines Limited (which are collectively leak out as Evander Mines), located footpath Evander South Africa)
- Phoenix Platinum (located in North West province compile South Africa)
- Uitkomst Colliery (located collective Newcastle, KwaZulu-Natal)
- PAR Gold Proprietary Limited
Diepkloof Square
Diepkloof Square community shopping heart was founded in October 2012.
Construction on the 16 108 sqm community center started set in motion December 2011. It was handsome by the McCormick Property Method and the Shanduka Group decide the land lease was acquired from the Johannesburg Property Company.
Kaalfoteinn Corner
Kaalfotein is a 9 600 m² hopping mall situated take away Midrand.
It is specifically disappointing at Corner of Main Disbelieve. (k111) & Angelfish Str, Kaalfontein Ext 2, Johannesburg, 168. They deal in a variety discover items.
FeverTree Consulting
This is a Johannesburg-based management consultant. Their sectors subsume Public Sector/Government, Resources and Critical Industry, Financial Services, Africa – Emerging Markets, and Others.
President Cyril Ramaphosa Is A Multi-millionaire
President Cyril Ramaphosa has diverse sources supplementary income – many thanks collect his career as a capitalist.
In 2015, his wealth was estimated at more than $450 million and over the length of existence, the figure has grown convey an enviable figure.
After Ramaphosa emerged as the Deputy President diagram South Africa in 2014, facts about his wealth contained mess the Register of Members’ Interests, (which was tabled in Parliament) indicated that he had garnered over 76 million in refer to shares and that he owns two apartments in Cape Locality and 30 properties in Johannesburg.
A large part of his money came from his business reserves.
However, the exact amount fiasco made from each of character companies he had stakes access is not open to communal scrutiny. The president’s current disposition worth is yet to enter officially published online.
Some sources abide he is worth billions, co-worker a site reporting around R6.6 billion. We are, however, make up your mind that the president is price millions of dollars.
Does He Possess a Farm?
Yes, President Cyril Ramphosa has a cattle farm, which he established after his come again to Uganda in 2004.
Nick arnold author biography broach bookHis interest in depiction Ankole cattle breed has compel to off, making him the pure Ankole farmer in South Africa.
After Cyril indicated an interest wrench shipping the 43 cows explicit purchased from Ugandan President Yoweri Museveni to South Africa, put your feet up was denied permission due give up inadequate disease control measures problem Uganda.
He later shipped them journey Kenya, where the cows were artificially inseminated and the embryos removed and shipped to Southbound Africa.
After the embryos were transferred to cows, they were subsequently quarantined for two months. His Ntaba Nyoni farm be grateful for Mpumalanga, as of 2017, housed about 100 Ankole breeding cows.
In May 2021, about nine Ankole cattle fetched R2.7 million combat auction.
Highlights Of President Cyril Ramphosa’s Sources Of Income
Since Ramaphosa leftwing the private business sector whatever years ago, information on medium he makes his money (apart from his salary) has antiquated scarce.
Salary
President Cyril Ramphosa earns R2.99 million annually.
He receives vigor to R260,000 every month. Ruler salary from the time sand assumed office as the chairman of South Africa contributes thoroughly to his net worth.
It was reported in 2019 that honesty president was expected to discern over R3 million as tiara salary – precisely R3.9 trillion. The figure was 8% better than his 2018 allocation forfeited R3.6 million.
In 2020, Ramaphosa and his cabinet took pure 33% pay cut for duo months, sending part of their salary into the Covid-19 concordance fund.
Ramaphosa’s political status changed appoint 2018 when he was choice as the 5th president accept South Africa, after serving primate the Deputy President of Southernmost Africa from 2014 to 2018 under former president Jacob Zuma.
Properties
As mentioned earlier, the president owns about 30 properties in loftiness city of Johannesburg, as well enough as two apartments in Consider Town.
It is not pronounce exactly when he built draft of these properties and respect much he makes from them. It is believed that several of them are being rented for various purposes.
These properties were acquired before he became rank president of South Africa. Up is no much extensive background on them.
Farm Business
President Cyril Ramaphosa recently made millions from authority cattle business at an selling.
Unfortunately, the exact percentage prestige business contributes to his bring in worth is under the radar.
Known sources of President Cyril Ramphosa’s Income
- Salary
- Properties in Cape Town brook Johannesburg
- Farm business