Richest IT executives revealed

Business Times Rich List unveils the richest telecoms and IT executives in South Africa

By - September 5, 2011

Business Times recently published their Rich List – a list of South Africa’s wealthiest people.

Business Times explained that the Rich List research was compiled by Who Owns Whom and reflects directors’ holdings in JSE listed companies at March 31 2011. The earnings table reflects the total amounts what was earned in 2010 as reported in annual reports.

According to the report there are now 28 billionaires in South Africa compared to 31 last year.

“SA’s 20 wealthiest people, who are collectively worth R112.2-billion, have seen their wealth jump 58.96% over the past two years. The wealthiest 100 people have seen their wealth shoot up 62.19%,” Business Times reported.

Patrice Motsepe tops the Rich List with JSE-listed investments worth R22.99-billion. Motsepe is followed by Lakshmi Mittal (R20.87-billion) and Nicky Oppenheimer (R11.1-billion).

ICT directors and executives’ investments

There are a few IT and telecoms directors which feature on the Rich List, including former MTN CEO Phuthuma Nhleko, and MTN Chairman Cyril Ramaphose.

The following table lists some of the well known individuals in the ICT space which are included in the Business Times Rich List.

SA Rank Person Investment total
1 Patrice Motsepe R22.99-billion
2 Lakshmi Mittal R20.87-billion
3 Nicky Oppenheimer R11.1-billion
13 Cyril Ramaphosa (MTN Chairman) R2.22-billion
19 Koos Bekker (Naspers CEO) R1.71-billion
20 Bill Venter (Altron and Altech) R1.64-billion
41 Brett Levy (Blue Label Telecoms CEO) R496-million
43 Jens Montana (Datatec CEO) R472-million
48 Mark Levy (Blue Label Telecoms CEO) R451-million
76 Lazarus Zim (Telkom Chairman) R326-million
82 Phuthuma Nhleko (Former MTN CEO) R291-million
87 Peter Moyo (former Vodacom executive) R261-million
101 Robert Gumede (Gijima) R207-million
104 Sifiso Dabengwa (MTN CEO) R200-million

ICT directors’ and executives’ salaries

When it came to annual remuneration, Shoprite CEO Whitey Basson topped the list with a yearly salary and bonuses of R627.53-million.

BHP Billiton CEO Marius Kloppers was second with R78-million and Investec MD Bernard Kantor third with R57-million.

Former Sentech CEO Sebiletso Mokone-Matabane did not do badly with a total salary package of R4.53-million despite the poor performance at the parastatal.

There were a few telecoms and IT executives in the top 80 earners list, as shown in the table below.

SA Rank Name Annual Renumeration
1 Whitey Basson (Shoprite CEO) R628-million
2 Marius Kloppers (BHP Billiton CEO) R78-million
3 Bernard Kantor (Investec MD) R57-million
27 Craig Venter (Altech CEO) R21-million
32 Jens Montana (Datatec CEO) R19.4-million
41 Boel Pretorius (Reunert CEO) R16.3-million
73 Robert Venter (Altron CEO) R12.6-million
78 Sifiso Dabengwa (MTN CEO) R11.9-million
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