{"id":681369,"date":"2023-04-19T08:28:22","date_gmt":"2023-04-19T06:28:22","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=681369"},"modified":"2023-04-19T08:33:04","modified_gmt":"2023-04-19T06:33:04","slug":"these-are-all-the-companies-gordhan-and-other-ministers-are-invested-in","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/681369\/these-are-all-the-companies-gordhan-and-other-ministers-are-invested-in\/","title":{"rendered":"These are all the companies Gordhan and other ministers are invested in"},"content":{"rendered":"

Parliament has published the register of members\u2019 interests for 2022, revealing the declared financial, property and other interests of South Africa’s Members of Parliament over the last year.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Gifts and hospitality in excess of R1,500 also need to be declared, as well as any other benefit of a material nature.<\/p>\n

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.<\/p>\n

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

The interests range from shares valued at R550, to holdings of R453,900 in Absa Bank.<\/p>\n

\n

Public Enterprises Minister Pravin Gordhan<\/strong><\/p>\n

\"Pravin<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Company<\/th>\nNo. of shares<\/th>\nNature of shares<\/th>\nValue<\/th>\n<\/tr>\n
Mr Price Group<\/td>\n65<\/td>\nOrdinary<\/td>\nR14 073.15<\/td>\n<\/tr>\n
Thungela Resources<\/td>\n6<\/td>\nOrdinary<\/td>\nR1 103.34<\/td>\n<\/tr>\n
Reinet Investments S.C.A<\/td>\n55<\/td>\nOrdinary<\/td>\nR18 026.80<\/td>\n<\/tr>\n
Sasol<\/td>\n35<\/td>\nOrdinary<\/td>\nR12 425.00<\/td>\n<\/tr>\n
Absa Bank<\/td>\n510<\/td>\nPreference<\/td>\nR453 900.00<\/td>\n<\/tr>\n
Firstrand<\/td>\n2 200<\/td>\nPreference<\/td>\nR212 058.00<\/td>\n<\/tr>\n
Standard Bank Group<\/td>\n2 200<\/td>\nPreference<\/td>\nR203 500.00<\/td>\n<\/tr>\n
PSG Group<\/td>\n270<\/td>\nOrdinary<\/td>\nR25 868.70<\/td>\n<\/tr>\n
Rand Merchant Investment Holdings<\/td>\n1 200<\/td>\nOrdinary<\/td>\nR62 628.00<\/td>\n<\/tr>\n
Standard Bank Group<\/td>\n350<\/td>\nOrdinary<\/td>\nR63 749.00<\/td>\n<\/tr>\n
Spar Group<\/td>\n300<\/td>\nOrdinary<\/td>\nR50 913.00<\/td>\n<\/tr>\n
Vodacom Group<\/td>\n250<\/td>\nOrdinary<\/td>\nR40 000.00<\/td>\n<\/tr>\n
GrowthPoint Prop<\/td>\n6 000<\/td>\nOrdinary<\/td>\nR88 320.00<\/td>\n<\/tr>\n
Hyprop Investments<\/td>\n2 000<\/td>\nOrdinary<\/td>\nR70 000.00<\/td>\n<\/tr>\n
Stor – Age Prop Reit LTB<\/td>\n3 000<\/td>\nOrdinary<\/td>\nR44 340.00<\/td>\n<\/tr>\n
Vukile Property Fund<\/td>\n2 400<\/td>\nOrdinary<\/td>\nR33 744.00<\/td>\n<\/tr>\n
SATRIX NASDAQ<\/td>\n2 300<\/td>\nETF<\/td>\nR286 350.00<\/td>\n<\/tr>\n
Sygnia Itrix MSCI US<\/td>\n6 000<\/td>\nETF<\/td>\nR379 500.00<\/td>\n<\/tr>\n
Bidcorp Corporation<\/td>\n250<\/td>\nOrdinary<\/td>\nR79 505.00<\/td>\n<\/tr>\n
Reinet Investment S.C.A<\/td>\n150<\/td>\nOrdinary<\/td>\nR49 164.00<\/td>\n<\/tr>\n
Shoprite Holdings<\/td>\n400<\/td>\nOrdinary<\/td>\nR94 664.00<\/td>\n<\/tr>\n
Sasol<\/td>\n100<\/td>\nOrdinary<\/td>\nR35 500.00<\/td>\n<\/tr>\n
Woolworths Holdings<\/td>\n500<\/td>\nOrdinary<\/td>\nR28 890.00<\/td>\n<\/tr>\n
BHP Group<\/td>\n180<\/td>\nOrdinary<\/td>\nR102 528.00<\/td>\n<\/tr>\n
Mediclinic<\/td>\n350<\/td>\nOrdinary<\/td>\nR24 178.00<\/td>\n<\/tr>\n
Mr Price Group<\/td>\n450<\/td>\nOrdinary<\/td>\nR28 146.30<\/td>\n<\/tr>\n
MTN Group<\/td>\n450<\/td>\nOrdinary<\/td>\nR85 500.00<\/td>\n<\/tr>\n
Prosus N.V<\/td>\n165<\/td>\nOrdinary<\/td>\nR131 300.40<\/td>\n<\/tr>\n
Compagnie Fin Richemont OPT<\/td>\n500<\/td>\nOrdinary<\/td>\nR550.00<\/td>\n<\/tr>\n
Sygnia Itrix Eurostoxx50<\/td>\n4 000<\/td>\nETF<\/td>\nR256 800.00<\/td>\n<\/tr>\n
Anglo American<\/td>\n101<\/td>\nOrdinary<\/td>\nR77 815.45<\/td>\n<\/tr>\n
Anheuser-Busch Ibev SA NV<\/td>\n70<\/td>\nOrdinary<\/td>\nR62 162.10<\/td>\n<\/tr>\n
AVI<\/td>\n250<\/td>\nOrdinary<\/td>\nR18 025.00<\/td>\n<\/tr>\n
Capitec Bank<\/td>\n10<\/td>\nOrdinary<\/td>\nR23 415.00<\/td>\n<\/tr>\n
Mondi<\/td>\n70<\/td>\nOrdinary<\/td>\nR20 405.00<\/td>\n<\/tr>\n
Naspers<\/td>\n30<\/td>\nOrdinary<\/td>\nR49 923.60<\/td>\n<\/tr>\n
Remgro<\/td>\n350<\/td>\nOrdinary<\/td>\nR52 437.00<\/td>\n<\/tr>\n
Vodacom Group<\/td>\n250<\/td>\nOrdinary<\/td>\nR40 000.00<\/td>\n<\/tr>\n
ABSA Group<\/td>\n300<\/td>\nOrdinary<\/td>\nR57 132.00<\/td>\n<\/tr>\n
Aspen Pharmacare<\/td>\n100<\/td>\nOrdinary<\/td>\nR19 863.00<\/td>\n<\/tr>\n
British American Tobacco<\/td>\n50<\/td>\nOrdinary<\/td>\nR30 835.50<\/td>\n<\/tr>\n
Bidvest<\/td>\n300<\/td>\nOrdinary<\/td>\nR67 110.00<\/td>\n<\/tr>\n
Firstrand<\/td>\n1 200<\/td>\nOrdinary<\/td>\nR92 964.00<\/td>\n<\/tr>\n
Nedbank Group<\/td>\n170<\/td>\nOrdinary<\/td>\nR39 621.90<\/td>\n<\/tr>\n
Compagnie Fin Richemont<\/td>\n250<\/td>\nOrdinary<\/td>\nR47 280.00<\/td>\n<\/tr>\n
Aspen Pharmacare Holdings<\/td>\n65<\/td>\nOrdinary<\/td>\nR12 910.95<\/td>\n<\/tr>\n
BHP Group<\/td>\n51<\/td>\nOrdinary<\/td>\nR29 049.60<\/td>\n<\/tr>\n
British American Tobacco<\/td>\n30<\/td>\nOrdinary<\/td>\nR18 501.30<\/td>\n<\/tr>\n
Bidvest<\/td>\n75<\/td>\nOrdinary<\/td>\nR16 777.50<\/td>\n<\/tr>\n
Firstrand<\/td>\n371<\/td>\nOrdinary<\/td>\nR28 741.37<\/td>\n<\/tr>\n
Mediclinic International<\/td>\n200<\/td>\nOrdinary<\/td>\nR13 816.00<\/td>\n<\/tr>\n
Pick n Pay<\/td>\n243<\/td>\nOrdinary<\/td>\nR13 063.63<\/td>\n<\/tr>\n
Prosus NV<\/td>\n10<\/td>\nOrdinary<\/td>\nR7 957.60<\/td>\n<\/tr>\n
Remgro<\/td>\n83<\/td>\nOrdinary<\/td>\nR12 435.60<\/td>\n<\/tr>\n
Shoprite Holdings<\/td>\n65<\/td>\nOrdinary<\/td>\nR15 382.90<\/td>\n<\/tr>\n
Woolworths<\/td>\n200<\/td>\nOrdinary<\/td>\nR11 556.00<\/td>\n<\/tr>\n
Quilter<\/td>\n700<\/td>\nOrdinary<\/td>\nR19 306.00<\/td>\n<\/tr>\n
Sanlam<\/td>\n1 000<\/td>\nOrdinary<\/td>\nR72 200.00<\/td>\n<\/tr>\n
MTN Group<\/td>\n185<\/td>\nOrdinary<\/td>\nR35 150.00<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n<\/td>\n<\/td>\nR3 983 063<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

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:<\/p>\n

\n

Home Affairs Minister – Aaron Motsoaledi\u00a0<\/strong><\/p>\n

\"\"<\/p>\n

Declared shareholdings to the value of around R300,000.<\/p>\n

\n
\n\n\n\n\n\n\n
Company<\/th>\nNo. of shares<\/th>\nNature of shares<\/th>\nValue<\/th>\n<\/tr>\n
Investec<\/td>\nRetirement Annuity<\/td>\nOrdinary<\/td>\nR270 000.00<\/td>\n<\/tr>\n
Old Mutual<\/td>\n900<\/td>\nOrdinary<\/td>\nR16 200.00<\/td>\n<\/tr>\n
Media24<\/td>\n500<\/td>\nOrdinary<\/td>\nR10 000.00<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n<\/td>\n<\/td>\nR296 200<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Health Minister – Joe Phaahla<\/strong><\/p>\n

\"\"<\/p>\n

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.<\/p>\n

\n
\n\n\n\n\n\n\n\n\n
Company<\/th>\nNo. of shares<\/th>\nNature of shares<\/th>\nValue<\/th>\n<\/tr>\n
Ubunto-Bothoo Trust<\/td>\n1 000<\/td>\nBB-BEE<\/td>\nR100 000.00<\/td>\n<\/tr>\n
African Rainbow Minerals<\/td>\n9 200<\/td>\nBB-BEE<\/td>\nR92 000.00<\/td>\n<\/tr>\n
Summer Trading<\/td>\n50%<\/td>\nOrdinary<\/td>\nR500 000.00<\/td>\n<\/tr>\n
Mbuyelo Coal<\/td>\n4%<\/td>\nOrdinary<\/td>\nR4 000 000.00<\/td>\n<\/tr>\n
Mapha Farming<\/td>\n25%<\/td>\nDormant private company<\/td>\nR0.00<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n<\/td>\n<\/td>\nR4 692 000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

International Relations and Cooperation Minister – Naledi Pandor<\/strong><\/p>\n

\"Naledi<\/p>\n

Declared share interests worth over R1 million, though did not disclose the nominal value of her holdings in Sasol Inzalo.<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n
Company<\/th>\nNo. of shares<\/th>\nNature of shares<\/th>\nValue<\/th>\n<\/tr>\n
Old Mutual<\/td>\n300<\/td>\nOrdinary<\/td>\nR4 000.00<\/td>\n<\/tr>\n
Sasol Inzalo<\/td>\n54<\/td>\nSasol<\/td>\nNot available<\/td>\n<\/tr>\n
Sanlam<\/td>\n342<\/td>\nOrdinary<\/td>\nR15 000.00<\/td>\n<\/tr>\n
Nedbank<\/td>\nInvestment<\/td>\nInvestment<\/td>\nR120 000.00<\/td>\n<\/tr>\n
Nedbank<\/td>\nInvestment<\/td>\nInvestment<\/td>\nR600 000.00<\/td>\n<\/tr>\n
Standard Bank<\/td>\nInvestment<\/td>\nUnit Trust<\/td>\nR290 000.00<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n<\/td>\n<\/td>\nR1 029 000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Minister in the Presidency – Khumbudzo Ntshavheni<\/strong><\/p>\n

\"\"<\/p>\n

Declared share interests just under R400,000.<\/p>\n

\n
\n\n\n\n\n\n\n
Company<\/th>\nNo. of shares<\/th>\nNature of shares<\/th>\nValue<\/th>\n<\/tr>\n
Coronation<\/td>\n838<\/td>\nUnit trust (Private)<\/td>\nR94 743.00<\/td>\n<\/tr>\n
Old Mutual<\/td>\n6118<\/td>\nUnit trust (Private)<\/td>\nR122 786.00<\/td>\n<\/tr>\n
Satrix<\/td>\n5380<\/td>\nUnit trust (Private)<\/td>\nR180 005.00<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n<\/td>\n<\/td>\nR397 534<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Cooperative Governance and Traditional Affairs Minister – Thembi Nkadimeng<\/strong><\/p>\n

\n
\n\n\n\n
Company<\/th>\nNo. of shares<\/th>\nNature of shares<\/th>\nValue<\/th>\n<\/tr>\n
Sasol Inzalo<\/td>\n100<\/td>\nShares<\/td>\nR100 000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Defence and Military Veterans Minister – Thandi Modise<\/strong><\/p>\n

\n
\n\n\n\n
Company<\/th>\nNo. of shares<\/th>\nNature of shares<\/th>\nValue<\/th>\n<\/tr>\n
Sanlam<\/td>\n700<\/td>\nOrdinary<\/td>\nR40 000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Minister of Social Development Minister – Lindiwe Zulu<\/strong><\/p>\n

\n
\n\n\n\n
Company<\/th>\nNo. of shares<\/th>\nNature of shares<\/th>\nValue<\/th>\n<\/tr>\n
MTN<\/td>\n–<\/td>\nBB-BEE<\/td>\nR200 000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Other ministers did declare shareholding in some companies, but did not provide further detail on the amount or nominal value.<\/p>\n

\n

Read: Russian vodka and running shoes \u2013 here are all the gifts declared by Malema, Steenhuisen and other politicians in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Some of South Africa’s cabinet ministers are keen investors – here’s what their portfolios look like.<\/p>\n","protected":false},"author":10,"featured_media":642089,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[26],"class_list":["post-681369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/681369","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=681369"}],"version-history":[{"count":10,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/681369\/revisions"}],"predecessor-version":[{"id":681547,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/681369\/revisions\/681547"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/642089"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=681369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=681369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=681369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}