Pistorius’s family is super-rich

2013-03-02 00:00

OSCAR Pistorius comes from a super-rich family with businesses across South Africa and overseas.

A legal expert has estimated that the week between his arrest and his release on bail could have cost more than R1 million in legal fees.

His murder trial for the death of his girlfriend Reeva Steenkamp will cost many millions more.

In his statement applying for bail, Pistorius said that he owned properties worth R8,3 million and earned R5,6 million a year.

Along with his brother, Carl, he is co-director of four companies — Epic Exposure Advertising & Branding, Epic Exposure Gauteng Advertising and Branding, Epic Expression and Solutions and Vula Media. Almost all of his many sponsors have dropped, or at least suspended him.

The enormous wealth of the family was founded by his grandfather, Hendrik (95), in 1944 with a small limestone mine.

According to public company records, Hendrik and his sons, Theo (67), Arnold (62) and Leo (51) own about 120 companies that are actively doing business.

Oscar is staying at Arnold’s house in Waterkloof, Pretoria, while out on bail. His sister Aimee also lives there.

At court last Friday, Arnold delivered guarantees for the outstanding R900 000 of Oscar’s R1 million bail, after R100 000 was paid to secure his release.

Oscar’s father, Henke, is involved in two companies, one in mining and one in property. Another seven companies are dormant and one was liquidated.

Arnold is a director of a number of affiliates of the Twin City property group, which runs resorts including one in the Austrian ski town of Hockrimml and a Lowveld game reserve with two luxury lodges.

Deeds office records show that one of the Pistorius family companies, Omay Investments, owns a farm in the Mokopane area valued by the municipality at R3,3 million.

Leo and Theo have interests in companies in Mozambique, including a beach lodge near Inhambane.

Theo owns three companies that develop and market costal properties in that country.

He also has interests in transport and armoured vehicle dealerships, and is a director of three hunting companies and a flight charter company.

Company records also reveal seven plots in Annlin, Pretoria and a bottlestore in Lephalale.

Because company records are not always up to date, sister paper Beeld asked the family if the records were accurate. They declined to comment, with Arnold saying they were still in mourning.

On the Facebook pages of Theo, Leo, Arnold and the grandparents are pictures of luxury overseas holidays and hunting weekends, including a trip to Okavango, Botswana, during which Leo and Theo shot an elephant.

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