Business Insider Edition

These are SA’s top 20 richest execs – they are worth far more than the country’s total budget for social grants

Helena Wasserman , Business Insider SA
 Jul 30, 2018, 04:53 PM
Ivan Glasenberg, CEO of Glencore, tops the City Press Wealth Index.
  • The City Press Wealth Index looks at the wealthiest directors of JSE-listed companies according to the shares they own.
  • This year's list shows that the top twenty execs own more than R280 billion.
  • There are more people called 'Stephen' than any women on the top 50 list. 

The City Press Wealth Index was released on Sunday. The survey, compiled by Who Owns Whom, reflects the wealthiest directors of JSE-listed companies according to the shares they owned at the end of March. The list only focuses on their shares, no other assets.

Together, the top twenty execs own more than R280 billion in shares – about R50 billion more than the market capitalisation of Vodacom.

Their share investments are also worth more than South Africa spends a year on all social grants (R259 billion), which are paid to 16.5 million individuals, and far more than the country’s total healthcare budget (R205 billion).

The list is increasingly dominated by white males. A decade ago, 13 black people were among the top 50 – this year, only five black people were on the list.

Females don’t feature. In fact, there were more executives named ‘Stephen’ (three) on the list, than any women. The only woman who made it was Sygnia’s Magda Wierzycka, at number 40.

Here are the top twenty execs, according to the City Press Wealth Index:

Ivan Glasenberg (61), Glencore: R71.8 billion

Christo Wiese (76), Shoprite, Brait, Steinhoff and Tradehold: R32.8 billion

Patrice Motsepe (56), African Rainbow Minerals and Sanlam: R22.8 billion

Laurie Dippenaar (69), FirstRand: R15.8 billion

Ivan Saltzman (68), Dischem: R15.6 billion

Stephen Saad (54), Aspen: R14.4 billion

Koos Bekker (65), Naspers: R13.6 billion

Johann Rupert (68), Reinet, Remgro and Richemont: R13.2 billion

John Whittaker (76), Intu Properties: R12.9 billion 

Michiel le Roux (69), Capitec: R11.6 billion

Desmond Sacco (77), Assore: R9.8 billion

Jannie Mouton (72), PSG: R9.3 billion

Adrian Gore (54), Discovery: R8.5 billion

Giovanni Ravazzotti (75), Italtile: R5.2 billion

Gus Attridge (57) Aspen: R4.9 billion

GT Ferreira (70) Remgro, RMI: R4.9 billion

Barry Swartzberg (52) Discovery: R4.4 billion

Zak Calisto (51) Cartrack Holdings: R3.9 billion

Quinton van Rooyen (54), Trustco: R3.4 billion

Des de Beer (56), Nepi: R2.7 billion

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