SA's rich continue to get richer

2013-12-01 19:35

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Johannesburg - The collective wealth of the 20 richest people in South Africa grew by 8.6% compared to last year, the Sunday Times reported.

The mining and manufacturing sectors suffered, while retail, health and media sectors gained in value.

Shoprite magnate Christo Wiese toppled mining businessman Patrice Motsepe as the wealthiest South African.

His assets were deemed close to R27.5bn at the end of March, compared to a wealth of R15.2bn at the same time last year.

Last year's third place holder Lakshmi Mittal took a plunge down six places and was replaced by Aspen Pharmacare boss Stephen Saad.

Fourth place went to Assore mining company's Desmond Sacco and the Rembrandt Trust - connected to the Rupert family - came in at fifth place.

ANC deputy president Cyril Ramaphosa came in at number 19 on the list with stakes listed in Bidvest, Mondi, MTN, SABMiller and the Standard Bank Group.

Former national director of public prosecutions Bulelani Ngcuka was placed 137 on the list, former ANC treasurer-general Mathews Phosa was placed at 210 and former environmental and tourism minister Valli Moosa was placed at 236.

Read more on:    bulelani ngcuka  |  christo wiese  |  cyril ramaphosa  |  patrice motsepe  |  mathews phosa

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