As we all face a looming global recession, even South Africa’s richest citizens are dramatically feeling this pinch. Small businesses can apply for helpt, before having to pay back the costs – the move hasn’t gone down well in SA. South Africa– Blue Sky Publications (Pty) Ltd T/A TheSouthAfrican Number: 2005/028472/07. Capitec’s share price has also dropped by 25% since mid-February. With matters of grave financial importance, it’s always important to check the small print. LONDON, ENGLAND - NOVEMBER 23, Johann Rupert taking snapshots during the Blood Brothers End of Year Black Tie function at Lords Cricket Ground on November 23, 2010 in London, England President Cyril Ramaposa thanked the Motsepe family 4 times on National Live TV and streaming programs for his donation. Address: Riverbank House, 1 Putney Bridge Approach, London, SW6 4TJ. ?♂️#Covid_19SA pic.twitter.com/lIzyMIqtnQ. As the world changes, so do we. Koos Bekker, Group Chair said: “This was a good year in the evolution of our group. As the world changes, so do we. Koos Bekker: The broadcasting mogul has consolidated his spot as South Africa’s third-richest person. Postal: Blue Sky Publications (Pty) Ltd T/A TheSouthAfrican, PO Box 44354, Claremont, 7735, South Africa, United Kingdom– Blue Sky Publications Ltd – Company Registration Number: 04683692. The JSE has taken a pounding and big businesses are fearing the worst. The Motsepe Foundation has pledged R1 billion in the fight against the coronavirus pandemic in South Africa. ↑ "South Africa's Naspers cashes in $10bn Tencent stake". Koos Bekker is respected as a future-forward executive who revolutionised South African newspaper publisher Naspers into a global digital media conglomerate. But the financial support being pumped into these relief funds could just help us find those green shoots of recovery. South Africa– Blue Sky Publications (Pty) Ltd T/A TheSouthAfrican Number: 2005/028472/07. thesouthafrican.com is a division of Blue Sky Publications Ltd. Reproduction without permission prohibited. We applaud those that do right with the same vigour we correct those that do bad.Kudos to Mary Oppenheimer and her daughters for the R1 Billion GIVE (sisaba ukuthi donation cos jiki jiki) to solidarity fund.Side note: kanti how many billions are in this family ? Koos Bekker, Group Chair said: “This was a good year in the evolution of our group. The devastating financial impact of the coronavirus has caused a major meltdown in stocks and savings. ... in addition to a R500 million donation to the Solidarity Fund.” Key metrics Naspers Prosus FY20 FY19 FY20 FY19 Revenue 22 136 18 990 21 455 18 340 Rupert’s long-time adversaries, the EFF, likened the dollar-billionaire to a loan-shark. Koos Bekker is South Africa's third richest man. It has also donated R5 million to the University of Cape Town to help it manage its response to the global pandemic. Naspers chairperson Koos Bekker famously did not draw a salary for his work as CEO of the group and sought only to be incentivised through shares in the company he ran. That means he will be dropping from being the fifth richest man in South Africa to the sixth position, behind media mogul Koos Bekker of Naspers. Address: Regus Business Centre Postal: Blue Sky Publications (Pty) Ltd T/A TheSouthAfrican, PO Box 44354, Claremont, 7735, South Africa, United Kingdom– Blue Sky Publications Ltd – Company Registration Number: 04683692. ↑ "Tencent's 60,000% Runup Leads to One of the Biggest VC Payoffs Ever". Koos Bekker, Group Chair said: “This was a good year in the evolution of our group. Koos Bekker of NASPERs made the donation not multichoice so stop trying to mislead Nigerians ..NASPERs primary wealth comes from it's investment in Chinese internet Giant ten cents , NASPERs share in tencents is valued over 175 billion dollars.. The Newt is the creative end product of Babylonstoren founders and dreamers Koos Bekker and Karen Roos. Gauteng ‘likely to tighten alcohol restrictions’ – but what will change? Of course, the numbers are tracked on a daily basis – so this data remains extremely volatile – but it’s unlikely we’ll be adding a fifth back to the coveted list while coronavirus remains rampant. 1st Floor, Block B, North Park, Black River Park, 2 Fir Street, Observatory, Cape Town, 7925, South Africa thesouthafrican.com is a division of Blue Sky Publications Ltd. Reproduction without permission prohibited. 3. That’s some going, considering he’s lost an estimated $300 million since last Monday. Forbes report on the list reads: “For the tenth year in a row, Aliko Dangote of Nigeria is the continent’s richest person, worth $12.1bn, u Koos Bekker. 28 August 2017. 18. TheSouthAfrican.com is all about South Africa and the stories that affect South Africans, wherever they are in the world. The deeper the pockets, the bigger the hits. Complete The South African's latest reader survey by 31 March 2021 and win R6000 in cash. Both are understood to be gifts – no loan clauses, as we saw with Johann Rupert – but genuine freebies for SA. Not thanking, or even mentioning the Rupert family, Oppenheimer family, Michiel Le Roux or Koos Bekker (who by the way made the biggest contribution of them all, R1.5 billion) in any of his speeches. Copyright © Blue Sky Publications Ltd. All Rights Reserved. He changed Naspers into a cable TV powerhouse and an investor in e-commerce. BizNews.com. official invitation extended to the south african government, agri sa, tlu sa to accept a $120 million donation from gabm members on behalf of the drought stricken farmers of south africa. Enter the survey competition, as Johann Rupert and Nicky Oppenheimer – the two wealthiest people in Mzansi – were also left glum-faced. Johann Rupert, the Stellenbosch-based oligarch, was also announced to have “pledged ” another billion rand, while the Koos Bekker-controlled Naspers later donated R1.5 billion. Here’s how the elite have been made to suffer: TheSouthAfrican.com is all about South Africa and the stories that affect South Africans, wherever they are in the world. Koos Bekker: $2.3 billion: $2.0 billion ~$300 million-13.0%: Nicky Oppenheimer: $7.6 billion: $7.4 billion ~$200 million-2.6%: Total lost ~$2.0 billion Other billionaires such as Johann Rupert and Koos Bekker have also donated R1 billion each towards fighting COVID-19. He left a vast amount of wealth for his children, and it looks like it’s being paid forward during Mzansi’s hour of need: In a statement released by Mary Oppenheimer and her daughters earlier, she thanked South African healthcare professionals for “risking their lives” to fight against coronavirus: “My daughters and I have thought long and hard about how we can make a difference in this fight and decided we must support the humanitarian needs of everyone living in South Africa. Five of our most popular recipes from 2020 to try at home, Cape Town: Here’s why military jets are flying over the city on Sunday. 23 March 2018. While he was CEO, the market capitalisation of Naspers grew from about $1,2 billion to $45 billion, with Bekker … Koos Bekker, group chairman, says: “This was a good year in the evolution of our group. For a while it seemed like a high-risk strategy – until Naspers hit pay-dirt with its investment in Chinese internet firm Tencent. Capitec founder Michiel le Roux – who started the month with a net worth of $1.1 billion (over R15 billion) – has been relegated from the 10-figure club. Gauteng ‘likely to tighten alcohol restrictions’ – but what will change? 5 facts about the Kaizer Chiefs midfielder, Court officials struggling to find ‘broke’ Bathabile Dlamini. Koos Bekker was the third-richest South African in 2020 according to Forbes, as he had an estimated net worth of $2.4 billion. This week, one of our dollar billionaires lost his prestigious status, as Johann Rupert and Nicky Oppenheimer – the two wealthiest people in Mzansi – were also left glum-faced. Complete The South African's latest reader survey by 31 March 2021 and win R6000 in cash. Koos didn’t earn any salary, bonus, or perks during his fifteen years stint as the CEO of Naspers but was compensated with stock option grants. We think the Solidarity Fund is most aligned to our concerns about basic needs, food and medicine.”, “We are grateful for all the efforts, small and large, South Africans are making to get through these difficult times. Koos Bekker, Chairman of the Naspers Group DStv Media Sales manages commercial airtime and on-air sponsorship, as an integral part of MultiChoice. Harry Oppenheimer, father of the siblings, was the former chairman of Anglo American and De Beers. Retrieved 29 August 2017. This epidemic affects us all and has caused a myriad of inconveniences for South Africa and the world altogether; however it is important that we take note of the one ray of sunlight light amid this heavy cloud of darkness. The Oppenheimers join Koos Bekker and Patrice Motsepe in handing-over a portion of their huge fortunes, despite these financially-testing times. While he was CEO, the market capitalisation of Naspers grew from about $1,2 billion to $45 billion, with Bekker being compensated by … DStv Media Sales sells airtime on more than 70 commercial channels, along with two terrestrial M-Net channels. Five of our most popular recipes from 2020 to try at home, Cape Town: Here’s why military jets are flying over the city on Sunday, Willard Katsande is trending! Retrieved 16 September 2020. Other billionaires such as Johann Rupert and Koos Bekker have also donated R1 billion each towards fighting COVID-19. The Chinese Ambassador to South Africa, His Excellency Lin Songtian, announced this afternoon (Friday 10 November 2017) that Naspers will sponsor two additional Mandarin lecturers from China for 5 years at Stellenbosch University (SU).
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