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The South African
9 hours ago
- Business
- The South African
How rich are South Africa's 7 richest men this week?
It's comparatively 'easy' to make money – when you have money to start with. Compound interest is indeed the eighth wonder of the world! As they say, the rich get richer, while the poor stay, well, poor. Money makes money – and these seven South African men have made a lot of it over the years. And by a lot, we mean a LOT ! According to Forbes' real-time tracking of billionaires, Johann Rupert and his family are the richest in South Africa, with a net worth of $14 billion. The Ruperts are followed by diamond magnate Nicky Oppenheimer, who boasts a net worth of $10.5 billion. They are followed by Koos Bekker, Patrice Motsepe, Michiel Le Roux, Jannie Mouton and Christo Wiese. South Africa's seven dollar billionaires all made their money in different ways – from luxury goods, diamonds, mining, media, banking and retail. In the last week alone, Bekker, Motsepe and Wiese all added $100 million (R1.77 billion) to their net worths. Rupert was the big 'loser' as his net worth dropped by $600 million (R10.6 billion). Cumulatively, South Africa's seven dollar billionaires are worth $37.4 billion (R663 billion). Meanwhile, in terms of the overall world list, South Africa-born Elon Musk remains the world's richest person with a reported $393.8 billion. Below, the list of the top seven richest South Africans in the world as of 9 June 2025. Rank Name Last week This week Source 179 Johann Rupert & family $14.6bn $14bn Luxury goods 270 Nicky Oppenheimer & family $10.5bn $10.5bn Diamonds 1 061 Koos Bekker $3.5bn $3.6bn Media, investments 1 147 Patrice Motsepe $3.2bn $3.3bn Mining 1 481 Michiel Le Roux $2.5bn $2.5bn Banking 2 023 Jannie Mouton & family $1.8bn $1.8bn Retail 2 112 Christo Wiese $1.6bn $1.7bn Financial services TOTAL $37.7bn $37.4bn Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The Citizen
28-04-2025
- Business
- The Citizen
Lesufi to call in forensic firm to scrutinise R34 million office rentals
Millions are spent on leasing office space for Gauteng provincial departments despite 41 government-owned building standing empty. Gauteng Premier Panyaza Lesufi will be looking into the high costs associated with renting office space for government departments. MEC for Infrastructure Development Jacob Mamabolo recently revealed that R34 million per month was being spent on renting office space, despite the provincial government owning 41 vacant buildings. Additionally, Mamabolo's breakdown of office space expenditure showed that over R2 billion had been spent on offices for provincial departments in the last five financial years Vacant buildings unsuitable Lesufi is said to have held an urgent meeting over the weekend with Mamabolo and the department's accounting officer to discuss the contracts. Among the rentals, the Premier's office located in Marshall Street costs R4 million a month, while three offices in Loveday, Fox and Sauer Streets used by the Department of Education cost a combined R10.6 million per month. Offices shared by the Departments of Agriculture and Economic Development in Eloff Street cost a combined R7 million per month. Mamabolo's earlier explanation on the vacant buildings was that they were unsuitable for occupancy as they did not meet safety requirements. The 41 vacant government-owned buildings are located in the Johannesburg and Pretoria CBDs CBD rehabilitation project Lesufi on Monday outlined the steps he would take in order to examine the contracts and find ways to streamline the provincial government's use of its properties. '[We will] appoint an independent forensic firm to assess whether the leasing arrangement provides value for money and investigate potential wrongdoing in all the contracts,' stated the Premier. He added that there be an independent review of the 'entire value chain', which will include a cost-benefit analysis to consider the possibility of selling the vacant properties. Mamabolo had earlier stated the vacant buildings in Johannesburg would be incorporated into the administration's rehabilitation projects. Lesufi reiterated the intentions of the CBD revitalisation programme, stating the desire to create mixed-use developments, affordable housing and shared community spaces. 'This long-term plan will optimise state-owned properties, reduce reliance on leased spaces and ensure cost effective, modernised infrastructure for improved public service delivery,' Lesufi stated. 'We want to ensure strict compliance with the Public Finance Management Act and supply chain regulations, while decisively scrutinising all expenditures on leased properties. 'The process will guarantee due diligence, transparency and accountability,' the premier concluded. NOW READ: Gauteng government reveals R2 billion spent on office rentals in five years
