These are all the companies Gordhan and other ministers are invested in

 ·19 Apr 2023

Parliament has published the register of members’ interests for 2022, revealing the declared financial, property and other interests of South Africa’s Members of Parliament over the last year.

The declarations are published in terms of the Code of Ethical Conduct and Disclosure of Financial Interests, which says that MPs must disclose their financial interests annually.

This includes directorships, partnerships, consultancies, sponsorships and financial aspects like shares and other financial interests in companies and other corporate entities as well as remunerated employment outside Parliament.

Gifts and hospitality in excess of R1,500 also need to be declared, as well as any other benefit of a material nature.

While “nothing to disclose” crops up more often than not in the register, some MPs provide a lot of detail on their financial interests. One such MP is Public Enterprises minister Pravin Gordhan, who provided a detailed breakdown of his various shareholdings with JSE-listed companies.

According to the minister’s declarations, when the interests were registered, he held just under R4 million in shares across various groups.

The interests range from shares valued at R550, to holdings of R453,900 in Absa Bank.

Public Enterprises Minister Pravin Gordhan

Pravin Gordhan South African Minister of Public Enterprises 1

Company No. of shares Nature of shares Value
Mr Price Group 65 Ordinary R14 073.15
Thungela Resources 6 Ordinary R1 103.34
Reinet Investments S.C.A 55 Ordinary R18 026.80
Sasol 35 Ordinary R12 425.00
Absa Bank 510 Preference R453 900.00
Firstrand 2 200 Preference R212 058.00
Standard Bank Group 2 200 Preference R203 500.00
PSG Group 270 Ordinary R25 868.70
Rand Merchant Investment Holdings 1 200 Ordinary R62 628.00
Standard Bank Group 350 Ordinary R63 749.00
Spar Group 300 Ordinary R50 913.00
Vodacom Group 250 Ordinary R40 000.00
GrowthPoint Prop 6 000 Ordinary R88 320.00
Hyprop Investments 2 000 Ordinary R70 000.00
Stor – Age Prop Reit LTB 3 000 Ordinary R44 340.00
Vukile Property Fund 2 400 Ordinary R33 744.00
SATRIX NASDAQ 2 300 ETF R286 350.00
Sygnia Itrix MSCI US 6 000 ETF R379 500.00
Bidcorp Corporation 250 Ordinary R79 505.00
Reinet Investment S.C.A 150 Ordinary R49 164.00
Shoprite Holdings 400 Ordinary R94 664.00
Sasol 100 Ordinary R35 500.00
Woolworths Holdings 500 Ordinary R28 890.00
BHP Group 180 Ordinary R102 528.00
Mediclinic 350 Ordinary R24 178.00
Mr Price Group 450 Ordinary R28 146.30
MTN Group 450 Ordinary R85 500.00
Prosus N.V 165 Ordinary R131 300.40
Compagnie Fin Richemont OPT 500 Ordinary R550.00
Sygnia Itrix Eurostoxx50 4 000 ETF R256 800.00
Anglo American 101 Ordinary R77 815.45
Anheuser-Busch Ibev SA NV 70 Ordinary R62 162.10
AVI 250 Ordinary R18 025.00
Capitec Bank 10 Ordinary R23 415.00
Mondi 70 Ordinary R20 405.00
Naspers 30 Ordinary R49 923.60
Remgro 350 Ordinary R52 437.00
Vodacom Group 250 Ordinary R40 000.00
ABSA Group 300 Ordinary R57 132.00
Aspen Pharmacare 100 Ordinary R19 863.00
British American Tobacco 50 Ordinary R30 835.50
Bidvest 300 Ordinary R67 110.00
Firstrand 1 200 Ordinary R92 964.00
Nedbank Group 170 Ordinary R39 621.90
Compagnie Fin Richemont 250 Ordinary R47 280.00
Aspen Pharmacare Holdings 65 Ordinary R12 910.95
BHP Group 51 Ordinary R29 049.60
British American Tobacco 30 Ordinary R18 501.30
Bidvest 75 Ordinary R16 777.50
Firstrand 371 Ordinary R28 741.37
Mediclinic International 200 Ordinary R13 816.00
Pick n Pay 243 Ordinary R13 063.63
Prosus NV 10 Ordinary R7 957.60
Remgro 83 Ordinary R12 435.60
Shoprite Holdings 65 Ordinary R15 382.90
Woolworths 200 Ordinary R11 556.00
Quilter 700 Ordinary R19 306.00
Sanlam 1 000 Ordinary R72 200.00
MTN Group 185 Ordinary R35 150.00
Total R3 983 063

Gordhan is not the only MP who has declared interests in local companies, however. Here are all the shareholdings declared by South Africa’s ministers:

Home Affairs Minister – Aaron Motsoaledi 

Declared shareholdings to the value of around R300,000.

Company No. of shares Nature of shares Value
Investec Retirement Annuity Ordinary R270 000.00
Old Mutual 900 Ordinary R16 200.00
Media24 500 Ordinary R10 000.00
Total R296 200

Health Minister – Joe Phaahla

Declared his business interests and shareholdings, including a R4 million stake in a coal company. His total declared interests are worth around R4.7 million.

Company No. of shares Nature of shares Value
Ubunto-Bothoo Trust 1 000 BB-BEE R100 000.00
African Rainbow Minerals 9 200 BB-BEE R92 000.00
Summer Trading 50% Ordinary R500 000.00
Mbuyelo Coal 4% Ordinary R4 000 000.00
Mapha Farming 25% Dormant private company R0.00
Total R4 692 000

International Relations and Cooperation Minister – Naledi Pandor

Naledi Pandor South African Minister of International Relations and Cooperation

Declared share interests worth over R1 million, though did not disclose the nominal value of her holdings in Sasol Inzalo.

Company No. of shares Nature of shares Value
Old Mutual 300 Ordinary R4 000.00
Sasol Inzalo 54 Sasol Not available
Sanlam 342 Ordinary R15 000.00
Nedbank Investment Investment R120 000.00
Nedbank Investment Investment R600 000.00
Standard Bank Investment Unit Trust R290 000.00
Total R1 029 000

Minister in the Presidency – Khumbudzo Ntshavheni

Declared share interests just under R400,000.

Company No. of shares Nature of shares Value
Coronation 838 Unit trust (Private) R94 743.00
Old Mutual 6118 Unit trust (Private) R122 786.00
Satrix 5380 Unit trust (Private) R180 005.00
Total R397 534

Cooperative Governance and Traditional Affairs Minister – Thembi Nkadimeng

Company No. of shares Nature of shares Value
Sasol Inzalo 100 Shares R100 000

Defence and Military Veterans Minister – Thandi Modise

Company No. of shares Nature of shares Value
Sanlam 700 Ordinary R40 000

Minister of Social Development Minister – Lindiwe Zulu

Company No. of shares Nature of shares Value
MTN BB-BEE R200 000

Other ministers did declare shareholding in some companies, but did not provide further detail on the amount or nominal value.

Read: Russian vodka and running shoes – here are all the gifts declared by Malema, Steenhuisen and other politicians in South Africa

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