Mamphela Ramphele: rich, richer – but not the richest in the land

2013-08-25 14:00

She would need R75?million to join SA’s 9?300 ultrarich.

Agang SA leader Mamphela Ramphele is one of the country’s richest politicians, and is worth more than many of her fellow party leaders.

Ramphele’s wealth (she’s worth over R55?million) stunned many after she publicly declared her interests on Wednesday.

She is in the company of at least 71?000 other South African dollar millionaires, according to a 2011 Credit Suisse Global Wealth Report.

That figure is set to climb to 240?000 by 2016.

Dollar millionaires are those individuals with business interests, investable assets and liquid assets worth $1?million (R10.24?million) or more, excluding the value of their main home.

Last year, the SA Revenue Service estimated that the country had 9?300 ultrarich individuals.

This excludes Ramphele, whose assets are worth less than the R75?million a person needs to qualify to be counted in this elite group.

But compared with the assets declared by other party leaders, she is fairly well off.

Party leaders’ interests, as declared in Parliament last year, are:

»?African Christian Democratic Party leader Kenneth Meshoe, who has since resigned as an MP, holds R12?000 in Sanlam shares.

He has not disclosed how much he gets paid by his Hope of Glory Tabernacle Church. Meshoe has directorships at Tlotso Transport, KRM Empowerment Training and Hope For The Nations Broadcasting.

He has declared a three-bedroom house in Vosloorus and a four-bedroom house in Boksburg;

»?Congress of the People leader Mosiuoa Lekota has R20?000 worth of unit trusts with Old Mutual, about R400?000 worth of shares at HBM investments, and R300?000 in Trade First Shares. It is not known what the value of the Mosiuoa Lekota Family Trust is. He has homes in Westville, Bloemfontein, Kroonstad and Midrand (owned by his family trust).

He also owns farm land in Jacobsdal. He has not disclosed how much his two pension funds are worth;

»?African People’s Convention leader Themba Godi has a house in Bushbuckridge, the value of which he has not disclosed;

»?As premier of Western Cape, DA leader Helen Zille declares her interests to the legislature.

Her spokesperson Zak Mbhele told City Press to write to the legislature, but by the time he responded on Friday night, the legislature had already closed. He said he was unable to provide us with her declaration of interest;

»?DA parliamentary leader Lindiwe Mazibuko has declared no shares or property, directorships or pension funds;

»?IFP leader Mangosuthu Buthelezi owns shares, the value of which has not been declared. He also has an investment with Old Mutual worth R71?000, R21?000 in Sanlam unit trusts, shares valued at R51 each at Kuphelile Investments, and R101?250 with Glen Mibabout. It is not clear

how much his pension funds are worth. Buthelezi also holds one unpaid directorship at Keldoron Properties. He owns 1?517 square metres of land in KwaSishwilli and a home in Ulundi; and

»?President Jacob Zuma courted controversy in 2010 when he did not declare his assets timeously. His lawyer Michael Hulley later said Zuma “does not hold any directorship, membership or shareholding in any company, either public or private”.

He has since submitted a list of gifts, benefits and financial interests held or received by Zuma and his family to the secretary of Cabinet, who is under no obligation to make this public.

It is publicly known, however, that R240?million was spent upgrading Zuma’s Nkandla homestead.

It is unclear what the property’s current overall value is.

Mamphela Ramphele – what is she worth?

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