Top 10 Richest Men in Banking in South Africa 2016

Africa-millionaire-wealth

The Sunday Times has published its annual Rich List, revealing the richest executives in South Africa based on their public investments.

Courtesy of his investments in Brait, Shoprite, and Steinhoff, Christo Wiese topped the list with an investment wealth of R81 billion, followed by Glencore’s Ivan Glasenberg, with R60 billion, and Aspen’s Stephen Saad, with R16 billion.

FirstRand and RMB’s Lauritz “Laurie” Dippenaar, was the top banking shareholder at R12.6 billion, followed by the PSG Group’s Johannes (Jannie) Mouton who is valued at R9.6 billion.

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Both Dippenaar and Mouton are at a non-executive level, but they have substantial share holdings in their respective companies, as does Le Roux, who is third on the list.

The founder of Capitec Bank is a non-executive director at the bank which has seen meteoric rise in the country over the past decade.

Top 10 banking executives:

Rank Person Company Wealth
5 Lauritz Dippenaar First Rand
Rand Merchant Investment Holdings
RMB Holdings
R 12,8 billion
9 Johannes Mouton PSG Group R9.7 billion
13 Michiel Scholtz du Pre Le Roux Capitec Bank Holdings R8.6 billion
19 Ferrit Thomas Ferreira Rand Merchant Investment Holdings
Remgro
RMB Holdings
R4.2 billion
27 Patrick Macguire Goss First Rand
Rand Merchant Investment Holdings
RMB Holdings
R2 billion
39 Paul Kenneth Harris First Rand
Rand Merchant Investment Holdings
Remgro
RMB Holdings
R1.4 billion
48 Petrus Johannes Mouton Capitec Bank Holdings
Curro Holidngs
PSG Group
Zeder Investments
R1.14 billion
52 Roland Sassoon Sasfin Holdings R1.027 billion
54 Chris Otto Capevin holdings
Capitec Bank Holdings
PSG Group
Zeder Investments
R994 million
60 Riaan Stassen Capitec Bank Holdings R849 million

Among the more hands-on executives, current Capitec CEO, Gerrie Fourie is 71st on the list, one place behind CFO, Andre Pierre du Plessis.

Investec Bank CEO, Stephen Koseff is 80th, while FirstRand CEO, Johannes Burger is 84th. His executive financial director, Glynn Burger, is 112th.

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