How MPs are securing their futures: A look at financial interests in shares and properties
Image: Doctor Ngcobo / Independent Newspapers
The latest report on declaration of financial interests by Members of Parliament shows that a number of public representatives are investing for their future in shares in finance companies.
This as some MPs made declarations on several properties and some even receive income from rentals and benefits from royalties.
Rise Mzansi leader Songezo Zibi declared shares and financial interests in seven finance companies.
Zibi has at least 7,000 shares valued at R1.1 million with Absa, 3,050 shares worth R410,000 with Investec Bank, and 1,300 shares valued at R377,000 with Shoprite, among others.
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ActionSA parliamentary leader Athol Trollip has a pension investment to the tune of R7 million.
'I invested my parliamentarian pension when I left Parliament with Glacier, and it is managed by FNB private wealth management,' said Trollip in his declaration.
Deputy Minister for International Relations and Cooperation Alvin Botes, who owns five properties, declared that he has shares valued at R2.8m with Poliyane Property Trust.
Botes is also receiving rental income from two of his properties.
Cogta Deputy Minister Zolile Burns-Ncamashe made declarations in shares in three companies, with those at Isondlo Investments valued at R1.9m.
He is a director of five companies, including one that is involved in construction of student accommodation, a hotel, and retainership in the King Sandile Development Foundation and Amatola Forestry Company.
ANC MP Supra Mahumapelo is the only MP who listed under property and land ownership 17 residential properties, vacant plots and land, and a tourism lodge.
Mahumapelo disclosed that he received income from rental.
Deputy President Paul Mashatile has declared three properties.
Mashatile named two residential family homes in Constantia and Midrand, as well as another house in Kelvin, Johannesburg.
Minister of Electricity Kgosientso Ramokgopa listed seven properties - two flats, three houses, and open land - under his name.
One of them was in the process of being sold, and another was a rented property when Ramokgopa made his declaration.
Malusi Gigaba, co-chairperson of the Standing Committee on Defence, disclosed ownership of a house in Centurion and named a rented residential property in Waterkloof, Pretoria.
DA MP Alexandra Abrahams receives income from the rental of a flat, just like her colleague Matt Butt, who has four apartments and rents one property.
EFF MP Chumani Matiwane receives income from vehicle rental, and colleague Veronica Mente is also receiving income from residential rental.
Human Settlements Minister Thembi Simelane declared that she is a director of four companies, including the Silvana Bistro Coffee, and that she does consultancy for Golden Threads.
While EFF MP Khaya Ceza received benefits in royalties from the South African Music Rights organisation, his colleague Eugene Mthethwa listed performers, video, and copyright royalties.
mayibongwe.maqhina@inl.co.za
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