Matamela Cyril Ramaphosa (68) is a South African businessman and politician; serving as fifth president of South Africa since 2018 and president of the ANC since 2017.
Before venturing in to business, Ramaphosa had already cultivated a marvelous political career stretching back to the late 70s and 80s.
Of note, was his instrumental role in the creation of South Africa’s first black mine workers union NUM in 1982.
Fast forward to 1997 after he lost the race to become President of South Africa to Thabo Mbeki, Ramaphosa resigned from his political positions and became a director of New Africa Investments Limited.
In 2001 he formed Shanduka Group, an investment holding company that has interests in various sectors of the economy, mainly in mining.
Before returning to politics over a decade later, Ramaphosa had already made a fortune for himself in business.As of 2021, his net worth is estimated at $450 million (R6.5 billion). At various times he has been ranked as one of the 10 richest South Africans.
Here is how he spends his billions.
Shanduka Group (Resigned) ─ R13 billion
Though he resigned and later sold his 30% in Shanduka in 2016, the investment groups warrants a mention on the list because that’s where he made a bulk of his money.
After his appointment as deputy president in 2014, Ramaphosa stepped back from most of his business interests to avoid conflict. This included the Shanduka Group.
Following Ramaphosa’s resignation, the group merged with Pembani Group to form a "Pan African Industrial Holdings Group" with $900 million (R13 billion) in assets.
Game Farming─ R120 million
During a visit to Uganda in 2004, Ramaphosa became interested in the Ankole cattle breed. Today, Ramaphosa is the biggest Ankole farmer in South Africa.
Ankole is bred on the president’s 5,100-hectare Ntaba Nyoni farm located near the small town of eManzana and often fetch top prices at auction.
At an auction earlier this year for instance, 10 of Ramaphosa’s cattle fetched a total of R2.7 million.
In 2017 at the Joint Committee on Ethics in parliament, Ramaphosa revealed the nominal value of a loan against the game farm at over R120 million.
Cattle Farming─ R6 million
In addition to breeding the Ankole in his Ntaba Nyoni farm, Ramaphosa also owns a feedlot in the same property valued at about R6 million.
Cape Town mansions
Late last year, timeslive reported that a Fresnaye mansion owned by Cyril Ramaphosa was one of the rentals to come on the market along Cape Town’s Atlantic seaboard.
The beautiful mansion had an eye watering ask of R175, 000 a month.
In addition to the mansion above, Ramaphosa owns another mansion in the exclusive Lions’s head mountain in Cape Town.
The mansion is built on 2 plots of land he bought for R30 million back in 2010. Construction for this special mansion took over three years, between 2015 to 2018.
McDonald’s Restaurants (Dis-invested)
In 2011, Ramaphosa paid for a 20-year master franchise agreement to run all 145 McDonald's restaurants in South Africa.
Shortly after the 2014 general election, Ramaphosa announced that he was going to dis-invest from Shanduka to fulfill his new responsibilities as Deputy President without the possibility of conflict of interest.
Real Estate portfolio
In addition to his Cape Town mansion, Ramaphosa has a massive property portfolio consisting mainly of residential properties mainly in Johannesburg and Cape Town.
Some of the properties declared by Ramaphosa (Source: Businessinsider.co.za)
In fact, in 2017 Ramaphosa declared ownership of 31 properties.
Content created and supplied by: MotZA (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More