The 10 richest men in banking in South Africa 2016
The Sunday Times has published its annual Rich List, revealing the richest executives in South Africa based on their public investments.
Courtesy of his investments in Brait, Shoprite, and Steinhoff, Christo Wiese topped the list with an investment wealth of R81 billion, followed by Glencore’s Ivan Glasenberg, with R60 billion, and Aspen’s Stephen Saad, with R16 billion.
FirstRand and RMB’s Lauritz “Laurie” Dippenaar, was the top banking shareholder at R12.6 billion, followed by the PSG Group’s Johannes (Jannie) Mouton who is valued at R9.6 billion.
Both Dippenaar and Mouton are at a non-executive level, but they have substantial share holdings in their respective companies, as does Le Roux, who is third on the list.
The founder of Capitec Bank is a non-executive director at the bank which has seen meteoric rise in the country over the past decade.
Top 10 banking executives:
| Rank | Person | Company | Wealth |
|---|---|---|---|
| 5 | Lauritz Dippenaar | First Rand Rand Merchant Investment Holdings RMB Holdings |
R 12,8 billion |
| 9 | Johannes Mouton | PSG Group | R9.7 billion |
| 13 | Michiel Scholtz du Pre Le Roux | Capitec Bank Holdings | R8.6 billion |
| 19 | Ferrit Thomas Ferreira | Rand Merchant Investment Holdings Remgro RMB Holdings |
R4.2 billion |
| 27 | Patrick Macguire Goss | First Rand Rand Merchant Investment Holdings RMB Holdings |
R2 billion |
| 39 | Paul Kenneth Harris | First Rand Rand Merchant Investment Holdings Remgro RMB Holdings |
R1.4 billion |
| 48 | Petrus Johannes Mouton | Capitec Bank Holdings Curro Holidngs PSG Group Zeder Investments |
R1.14 billion |
| 52 | Roland Sassoon | Sasfin Holdings | R1.027 billion |
| 54 | Chris Otto | Capevin holdings Capitec Bank Holdings PSG Group Zeder Investments |
R994 million |
| 60 | Riaan Stassen | Capitec Bank Holdings | R849 million |
Among the more hands-on executives, current Capitec CEO, Gerrie Fourie is 71st on the list, one place behind CFO, Andre Pierre du Plessis.
Investec Bank CEO, Stephen Koseff is 80th, while FirstRand CEO, Johannes Burger is 84th. His executive financial director, Glynn Burger, is 112th.
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