Latest news with #SteynCityProperties
BBC News
05-02-2025
- Business
- BBC News
South Africa mourn 'Visionary' businessman and billionaire Douw Steyn
Tributes dey pour in for South African billionaire and businessman Douw Steyn, wey die on Tuesday, 4 February afta long period of poor health. E die at di age of 72. South Africans dey mourn Oga Steyn wey dem describe as "visionary" plus "ogbonge entrepreneur". Oga Steyn dey popular for im global success for di insurance industry. E start di BGL Insurance Group and e be good friend of late South African statesman Nelson Mandela. Steyn become Mandela shortly afta dem release di former president from im decades-long imprisonment on Robben Island. Steyn City Properties confam Oga Steyn death. Na di company dey behind di popular luxury golf estate e find and develop. Di expansive residential lifestyle estate dey located for di northern part of Johannesburg and dem design am to "create a self-sustaining community", according to South African online news website Daily Maverick. "Na wit deep sadness we take announce di passing of di visionary behind Steyn City," di company tok for statement. Dem add say Steyn go dey "remembered as ogbonge entrepreneur wey build a global business of immense scale across seven kontris". Douw Steyn relationship wit Madiba "Im [Steyn] bin support Madiba in plenty ways for many years. For 1992 Madiba live for [Oga Steyn] house as e dey try reason im way through one very painful separation from Winnie Madikizela-Mandela." Di South Africa first democratically elected president bin also turn to Oga Steyn "wen e need spaces for retreat or support for im projects", according to di foundation. Mandela spend 27 years in prison sake of im campaign to end white-minority rule. E spend eighteen of those years for Robben Island, one island wey dey off Cape Town. Who be Douw Steyn? Steyn start im entrepreneurial journey for 1975 wen e start di Steyn Insurance Brokers, according to another local news website Business LIVE. Dis go pave di way for di establishment of one of di kontri leading insurance groups, Auto & General, and later BGL Insurance for UK for di 1990s. BGL na di parent company of popular price comparison website Compare The Market. Dem later merge Auto & General into di Telesure Investment Holdings group, wey dey offer plenty financial service products for kontris like Australia, Turkey and the UK. Outside im business ventures, Steyn dey known for im philanthropy work. Im family trust don donate large sum of money give South Africa Covid-19 relief efforts, wit considerable amount wey dey go towards supporting small businesses and providing food security for families affected by lockdown. Di Steyn Foundation, bin establish through Steyn City Properties, also support poor townships. E leave behind imwife and three children.
Yahoo
05-02-2025
- Business
- Yahoo
'Visionary' South African businessman Douw Steyn dies
South African billionaire and businessman Douw Steyn, who founded the BGL Insurance Group and was a good friend of late South African statesman Nelson Mandela, has died aged 77. Steyn, known for his global success in the insurance industry, died on Tuesday following a long period of illness. He was regarded in South Africa as a "visionary" with a "larger than life character". Steyn first befriend Mandela shortly after the former president was released from his decades-long imprisonment on Robben Island. Steyn's death was confirmed by Steyn City Properties, the company behind the luxury estate he developed around 2010. The company said Steyn would be "remembered as an exceptional entrepreneur who built a global business of immense scale across seven countries. The Nelson Mandela Foundation said it mourned the death of "someone Madiba [Mandela] regarded as a friend". "He [Steyn] supported Madiba in numerous ways over many years. During 1992 Madiba lived in [Steyn's] home as he navigated his way through a very painful separation from Winnie Madikizela-Mandela." South Africa's first democratically elected president also "frequently turned to" Steyn "when he needed spaces for retreat or support for his projects", according to the foundation. Mandela spent 27 years in prison for campaigning to end white-minority rule. Eighteen of those years were spent on Robben Island, an island off Cape Town. Steyn began his entrepreneurial journey in 1975 when he founded Steyn's Insurance Brokers, according to South African daily business website BusinessLIVE. This would pave the way for the establishment of one of the country's leading groups, Auto & General, and later BGL Insurance in the UK in the 90s. He also established the Steyn Foundation, which is aimed at supporting its impoverished townships. He leaves behind his wife and three children. Soweto's 'Lion King' on his return for Mufasa Top South African singer Winnie Khumalo dies aged 51 Go to for more news from the African continent. Follow us on Twitter @BBCAfrica, on Facebook at BBC Africa or on Instagram at bbcafrica Africa Daily Focus on Africa
BBC News
05-02-2025
- Business
- BBC News
Douw Steyn: South African businessman and Steyn City founder dies
South African billionaire and businessman Douw Steyn, who founded the BGL Insurance Group and was a good friend of late South African statesman Nelson Mandela, has died aged known for his global success in the insurance industry, died on Tuesday following a long period of was regarded in South Africa as a "visionary" with a "larger than life character".Steyn first befriend Mandela shortly after the former president was released from his decades-long imprisonment on Robben Island. Steyn's death was confirmed by Steyn City Properties, the company behind the luxury estate he developed around company said Steyn would be "remembered as an exceptional entrepreneur who built a global business of immense scale across seven Nelson Mandela Foundation said it mourned the death of "someone Madiba [Mandela] regarded as a friend". "He [Steyn] supported Madiba in numerous ways over many years. During 1992 Madiba lived in [Steyn's] home as he navigated his way through a very painful separation from Winnie Madikizela-Mandela."South Africa's first democratically elected president also "frequently turned to" Steyn "when he needed spaces for retreat or support for his projects", according to the spent 27 years in prison for campaigning to end white-minority of those years were spent on Robben Island, an island off Cape began his entrepreneurial journey in 1975 when he founded Steyn's Insurance Brokers, according to South African daily business website would pave the way for the establishment of one of the country's leading groups, Auto & General, and later BGL Insurance in the UK in the 90s. He also established the Steyn Foundation, which is aimed at supporting its impoverished leaves behind his wife and three children. You may also be interested in: Soweto's 'Lion King' on his return for MufasaTop South African singer Winnie Khumalo dies aged 51 Go to for more news from the African us on Twitter @BBCAfrica, on Facebook at BBC Africa or on Instagram at bbcafrica
