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The realm of politics often intersects with wealth and influence, and South Africa is no exception to this trend. While most people may not be entrepreneurs or deeply interested in politics, they can’t help but wonder about the fortunes amassed by some of the country’s most prominent politicians.
At the pinnacle of this list is President Cyril Ramaphosa, a multifaceted figure known for his roles as a politician, activist, businessman, and trade union leader. He formerly served as South Africa’s deputy president during the Jacob Zuma administration and now leads the National Planning Commission, responsible for the nation’s long-term strategic planning. With an estimated net worth of a staggering $700 million, Cyril Ramaphosa holds the title of the wealthiest politician in South Africa.
In the second position stands Tokyo Sexwale, a businessman and political figure renowned for his activism during the anti-apartheid movement, even collaborating with the iconic Nelson Mandela. Tokyo Sexwale’s substantial wealth, totaling $200 million, largely derives from his involvement in the diamond industry, including ownership of the second-largest diamond firm globally, following De Beers. He holds pivotal roles on the boards of multiple companies, such as Absa Limited, Allied Electronics, Gold Fields, Trans Hex, and Northam Platinum Limited.
Sipho Nkosi follows closely behind, with a net worth of $163 million. Nkosi, a prominent South African businessman, began his career in 1980 with the Ford Motor Company and has since held positions with Anglo American Coal, Exxaro Resources (where he serves as CEO and director), and Sanlam (as a non-executive director).
Phuthuma Nhleko rounds out the list, holding the position of fourth wealthiest politician. He is a South African politician and businessman, having previously served as the CEO of the MTN Group, the largest GSM cellular network holding group in Africa, with a reported turnover of US $29 million and a workforce of 6000 employees.
These figures offer a glimpse into the vast fortunes and diverse backgrounds of South Africa’s wealthiest politicians, showcasing the intriguing intersection of politics and financial success in the nation.
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