{"id":112621,"date":"2016-02-15T10:14:36","date_gmt":"2016-02-15T08:14:36","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=112621"},"modified":"2016-02-16T14:50:05","modified_gmt":"2016-02-16T12:50:05","slug":"this-buffalo-is-worth-more-than-what-top-south-african-ceos-earn-in-5-years","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/112621\/this-buffalo-is-worth-more-than-what-top-south-african-ceos-earn-in-5-years\/","title":{"rendered":"This buffalo is worth more than what top South African CEOs earn in 5 years"},"content":{"rendered":"

A quarter share in a “superbuffalo” named Horison has been bought for R44 million, putting the bull’s total value at R176 million.<\/p>\n

That puts the animal’s worth at more than double the total earnings of South Africa’s highest paid executive in 2014.<\/p>\n

When it comes to buffalo, size really does matter – the wider the horn span, the higher the price – and with the highest horn span in the world at 1.39 metres, Horison has fetched the highest price ever for any animal sold in South Africa.<\/p>\n

According to breeders, African buffalo used to have horns spanning wider than 1.5 meters, but hunting removed the largest animals from the gene pool.<\/p>\n

Breeders are trying to restore top genetics through breeding programmes – which is why buffalo with a wide horn span can fetch millions.<\/p>\n

The buffalo which previously held the record for the highest price at auction was a 1.35 metre horn span Cape Buffalo bull named Mystery, bought by South African billionaire Johann Rupert for R40 million in 2013.<\/p>\n

Horison vs CEOs<\/strong><\/p>\n

In 2014, Richemont co-CEO Bernard Fornas was the highest paid executive in the country, earning R88 million including bonuses for the year.<\/p>\n

This is half the total value of Horison. Taking the average total earnings among the ten best-paid executives, it would take 2.6 years of work to afford Horison.<\/p>\n

On a basic earnings basis, the top 10 best paid CEOs in SA would have to work an average of more than 5\u00a0years to afford the bull.<\/p>\n

SA executive basic earnings vs Horison<\/strong><\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n
#<\/th>\nExecutive<\/th>\nCompany and role<\/th>\nTotal basic earnings 2014 (R\u2019000)<\/th>\nYears to afford Horison<\/th>\n<\/tr>\n
1<\/td>\nBernard Fornas<\/td>\nCo-CEO Richemont<\/td>\nR87 972<\/td>\n2.0<\/td>\n<\/tr>\n
2<\/td>\nRichard Lepeu<\/td>\nCo-CEO Richemont<\/td>\nR85 105<\/td>\n2.1<\/td>\n<\/tr>\n
3<\/td>\nWhitey Basson<\/td>\nCEO Shoprite<\/td>\nR49 972<\/td>\n3.5<\/td>\n<\/tr>\n
4<\/td>\nKevin Gallagher<\/td>\nOperations director\u00a0\u00a0 Murray & Roberts<\/td>\nR48.932<\/td>\n3.6<\/td>\n<\/tr>\n
5<\/td>\nGary Saage<\/td>\nCFO Richemont<\/td>\nR28.447<\/td>\n6.2<\/td>\n<\/tr>\n
6<\/td>\nAlain Perrin<\/td>\nNon executive director Richemont<\/td>\nR27 076<\/td>\n6.5<\/td>\n<\/tr>\n
7<\/td>\nMarkus Jooste<\/td>\nCEO Steinhoff<\/td>\nR25 026<\/td>\n7.0<\/td>\n<\/tr>\n
8<\/td>\nErnesto Balarezo<\/td>\nManager Gold Fields<\/td>\nR19.603<\/td>\n9.0<\/td>\n<\/tr>\n
9<\/td>\n*Frederick Mostert<\/td>\nExecutive director Richemont<\/td>\nR19.210<\/td>\n9.2<\/td>\n<\/tr>\n
10<\/td>\nAlfred Baku<\/td>\nCEO Gold Fields<\/td>\nR18 634<\/td>\n9.5<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Most expensive animals ever sold in South Africa<\/strong><\/p>\n

Historically, buffalo are seen as the most expensive animals in South Africa, with five of the top 10 most expensive animals ever sold in South Africa being buffalo.<\/p>\n

Other expensive animals are sable antelope and white impala (prices also based on horns).<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n\n
#<\/th>\nGame<\/th>\nValue<\/th>\n<\/tr>\n
1<\/td>\nBuffalo (Horison)<\/td>\nR176 million<\/td>\n<\/tr>\n
2<\/td>\nCape Buffalo (Mystery)<\/td>\nR40 million<\/td>\n<\/tr>\n
3<\/td>\nBuffalo<\/td>\nR26 million<\/td>\n<\/tr>\n
4<\/td>\nBuffalo<\/td>\nR18 million<\/td>\n<\/tr>\n
5<\/td>\nSable Antelope<\/td>\nR11 million<\/td>\n<\/tr>\n
6<\/td>\nWhite Impala<\/td>\nR9.7 million<\/td>\n<\/tr>\n
7<\/td>\nEast African Buffalo<\/td>\nR8.1 million<\/td>\n<\/tr>\n
8<\/td>\nWhite Saddle Blesbuck<\/td>\nR7.8 million<\/td>\n<\/tr>\n
9<\/td>\nEast African Buffalo<\/td>\nR6.5 million<\/td>\n<\/tr>\n
10<\/td>\nMatetsi Sable (pregnant)<\/td>\nR4 million<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Prices for buffalo have increased five-fold over the past six years – leading some critics to talk of a bubble in the industry. However, with this latest pricing, the ‘bubble’ just got bigger.<\/p>\n

Rhino, among the most poached and endangered game in South Africa, can be bought for a paltry sum of up to R350,000, according to wildlife seller ads.<\/p>\n

Lions are sold for even less, ranging from between R30,000 for a female, to R210,000 for a young male.<\/p>\n

More on South Africa<\/h3>\n

Weak rand is crushing this billion-rand industry in SA<\/a><\/span><\/strong><\/p>\n

Why a hunting ban would be terrible for South Africa<\/a><\/span><\/p>\n

What it costs to hunt game in South Africa<\/a><\/strong><\/p>\n

Most expensive animals sold in SA<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

A quarter share in a “superbuffalo” named Horison has been bought for R44 million, putting the bull’s total value at R176 million.<\/p>\n","protected":false},"author":10,"featured_media":112625,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[9196,11117,26],"class_list":["post-112621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-animals","tag-buffalo","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/112621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=112621"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/112621\/revisions"}],"predecessor-version":[{"id":112883,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/112621\/revisions\/112883"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/112625"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=112621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=112621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=112621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}