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Richest IT people in South Africa

Richest IT people in South Africa

The latest South African Business Times Rich List was released on Sunday 12 September 2012, revealing that the 20 richest people in South Africa increased their wealth over the last year.

The Rich List is based on publically-available information on directors’ holdings in JSE-listed companies.

This means that most of the people listed are far richer than what the list suggests because of other investments like cash, property, offshore investments and business interests which are not on the JSE.

According to the list, Patrice Motsepe is the richest man in South Africa with a net worth R20.07 billion. Retail mogul, Christo Wiese, was ranked second with R15.226 billion, and ArcelorMittal’s Lakshni Mittal, third with R13 billion.

There were no IT executives in the top 10 of the Business Times Rich List, but moving down the list, numerous IT personalities made the grade.

The following table provides an overview of the richest IT executives in South Africa, according to the 2012 Business Times Rich List.

Rank Person Companies Investment total (March 2012)
1 Patrice Motsepe African Rainbow Minerals R20 billion
2 Christo Wiese Shoprite, PSG Group and more R15 billion
3 Lakshmi Mittal ArcelorMittal R13 billion
14 Koos Bekker Naspers, South Ocean R3.7 billion
15 Cyril Ramaphosa MTN, SABMiller, Assore etc R3 billion
25 Bill Venter Altron R1.6 billion
44 Brett Levy Blue Label Telecoms R578 million
50 Mark Levy Blue Label Telecoms R526 million
68 Lazarus Zim Telkom chairman R420 million
71 Gary Morolo Datacentrix R406 million
80 Robin Frew MiX Telematics R340 million
82 Robert Gumede Gijima R334 million
83 Elliot Selkow Ellies R332 million
103 Steve Pacak Naspers R251 million
108 Peter Moyo Vodacom, Liberty etc R243 million
109 Chris Seabrooke Datatec, Brait etc R242 million
116 Asher Bohbot EOH R221 million
126 Sifiso Dabengwa MTN R199 million
172 Thandi Orleyn Reunert, Ceramic Industries R123 million
181 Ryan Otto Ellies R113 million
195 Boetie zan Zyl Naspers R104 million
209 Ton Vosloo Naspers R92 million
216 Dave King Micromega R88 million

Related links

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South Africa’s richest people

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Rudolph Muller is the editor at MyBroadband and covers telecoms and broadband news. Rudolph comes from an academic background, but left the University of Johannesburg in 2007 to ru...
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  • MarsWarrior

    Is it just me, but I don’t see too much lacking in the BEE department here?

    Seeing as the list is quite general, herewith a general comment too! After the Lonmin wage increase, illiterate miners are now earning 80% more than some advertised positions for literate candidates! So we can scrap AA/EE now, and move away from racism in the workplace?

    • yawn

      • typical

        just like a monkey. all teeth while scratching its ass

  • Tobie

    Id be switching off my cell phone if my name was on this list, imagine all the pitches they will be getting from tech entrepreneurs, not that there is anything wrong with it. It would be really nice if these IT giants can lend a hand to Silicon Cape Start Ups.

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