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
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|
|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.
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|