The Stellenbosch Mafia

About 50km outside of Cape Town lies the beautiful town of Stellenbosch, nestled against vineyards and blue mountains that stretch to the sky. Here reside some of South Africa's wealthiest individuals: all male, all Afrikaans – and all stinking rich. Johann Rupert, Jannie Mouton, Markus Jooste and Christo Weise, to name a few. Julius Malema refers to them scathingly as 'The Stellenbosch Mafia', the very worst example of white monopoly capital. But who really are these mega-wealthy individuals, and what influence do they exert not only on Stellenbosch but more broadly on South African society? Author Pieter du Toit begins by exploring the roots of Stellenbosch, one of the wealthiest towns in South Africa and arguably the cradle of Afrikanerdom. This is the birthplace of apartheid leaders, intellectuals, newspaper empires and more. He then closely examines this 'club' of billionaires. Who are they and, crucially, how are they connected? What network of boardroom membership, alliances and family connections exist? Who are the 'old guard' and who are the 'inkommers', and what about the youngsters desperate to make their mark? He looks at the collapse of Steinhoff: what went wrong, and whether there are other companies at risk of a similar fate. He examines the control these men have over cultural life, including pulling the strings in South Africa rugby.

'Comrade president, Stellenbosch is a big problem. We know your proximity to Stellenbosch ... we have not elected Stellenbosch here ... we have not elected the Ruperts here.' - Julius Malema addressing President Cyril Ramaphosa in the National Assembly on 22 May 2019 THE BEAUTIFUL TOWN OF STELLENBOSCH, nestled against vineyards and blue mountains that stretch to the sky, lies a short drive from Cape Town. Here, some of South Africa's richest individuals live: all male, most Afrikaans - and all fabulously wealthy. Julius Malema refers to them scathingly as the 'Stellenbosch Mafia', the very worst example of white monopoly capital. Their critics rail about their influence over the state and the economy. But who are these rich individuals, and what influence do they wield? Journalist Pieter du Toit explores the roots of Stellenbosch, one of the wealthiest towns in South Africa and arguably the cradle of Afrikanerdom. This is the birthplace of apartheid leaders, intellectuals, newspaper empires and more. He also closely examines this 'club' of billionaires. Who are they and, crucially, how are they connected? What network of boardroom membership, alliances and family connections exists? Who are the 'old guard' and who are the 'inkommers'? The Stellenbosch Mafia is the first attempt to not only investigate if this group actually exists, but also to determine whether the town has an excessive influence on South African business and society.

A comprehensive work based on personal interviews and insider knowledge - bound to become a classic The past three decades have seen a remarkable rise of Afrikaners in business. With Koos Bekker at its helm, media group Naspers began dominating the Johannesburg Stock Exchange and was turned into a global consumer internet group. Johann Rupert strongly extended Richemont's share internationally in the upper-end market of luxury goods, while Christo Wiese and Whitey Basson at Pepkor and Shoprite became Africa's largest clothing and food retailers. Fortunesdescribes how these and other business leaders, such as Jannie Mouton, Michiel le Roux, Douw Steyn, Roelof Botha, Hendrik du Toit and a number of commercial farmers, built their empires. It looks at their life and business philosophies and what makes them such successful entrepreneurs. Recent years have also seen the sensational collapse of Steinhoff International, the furniture retailer led by Markus Jooste that destroyed some of these fortunes. While Jooste is the topic of one of the chapters, another looks at the philanthropic projects most of these tycoons are involved in.

"The Steinhoff crash wiped more than R200bn off the Johannesburg Stock Exchange, erased more than half the wealth of tycoon Christo Wiese and knocked the pension funds of millions of ordinary South Africans. When this investors' darling was exposed as a house of cards, tales of fraudulent accounting, a lavish lifestyle involving multimillion-rand racehorses and ructions in the 'Stellenbosch mafia' made headlines around the world. As regulators tally up the cost, Financial Mail editor Rob Rose reveals the real inside story behind Steinhoff. Based on dozens of interviews with key players in South Africa, the UK, Germany and the Netherlands - and documents not yet public - Steinheist reveals: How Bruno Steinhoff formed the company by doing business in the Communist bloc and apartheid South Africa; How the 'Markus myth' started in the dusty streets of Ga-Rankuwa and grew thanks to a 'bit of luck' in a 1998 takeover; How Jooste insiders shifted nasty liabilities off Steinhoff's balance sheet to secretive companies overseas in order to present a false picture of the profits; How Wiese was lucky to lose only R59bn and how Shoprite narrowly escaped getting caught in Steinhoff's web; and What happened behind closed boardroom doors in the frantic week before Jooste resigned"--Back cover.

Hitmen for Hire takes the reader on a journey like no other, navigating a world of paid hitmen, informers, rogue policemen, criminal taxi bosses, gang leaders, and crooked politicians and businessmen. Criminologist Mark Shaw examines a society in which contract killings have become commonplace, looking at who arranges hits, where to find a hitman, and even what it is like to operate as a hitman – or woman. Since 1994, South Africa has seen a worrying increase in the commercialisation of murder – and has been rocked by several high-profile contract killings. Drawing on his research of over a thousand incidents of hired assassinations, from 2000 to 2016, Shaw reveals how these murders are used to exert a mafia-type control over the country's legal and illegal economic activity. Contracted assassinations, and the organised criminal activity behind them, contain sinister linkages with the upperworld, most visibly in relation to disputes over tenders and access to government resources. State security actors increasingly mediate relations between the under and upper worlds, with serious implications for the long-term success of the post-apartheid democratic project.

We must look beyond the now, the current economy on our doorstep, and ... reach out to a humanity that lies dormant in all of us. While the depth and sophistication of South Africa's financial and capital markets are lauded by indices the world over, South Africa is also considered to be the most unequal society in the world. The Economy On Your Doorstep probes the reasons for this tragic paradox of South African life and tries to go through and beyond the graphs, margin calls, trading updates, indices and earnings reports to explain how economic 'actions' frame the lives of South Africans in a transitional society faced with the challenges of unemployment, poverty and inequality. The economy is and always has been primarily about people. How they live, what they produce, under what conditions and what social, political and environmental factors influence decisions of consumption, investment and distribution, and how they act under conditions of uncertainty, scarcity, need and crisis. After all, economies are about people coming together to produce, exchange, distribute and consume goods and services that emerge from their communities and those of others. How and under what conditions can we ensure the expansion of our productive forces, while expanding access to the base of assets, services and support that allow for the social reproduction of our entire society and workforce? Ayabonga Cawe outlines some key areas that can and should define a policy agenda towards a 'people's economy' in South Africa and the long-term objectives of such a policy programme, and engages with the political economy of 21st century South Africa through an analysis of a few selected areas of the economy and the implications of this for policy action. This is what this book is about, an exposition of what we see around us and an explanation and discussion of possible ways beyond it. In this well-researched book, Ayabonga Cawe, a development economist, columnist and broadcaster, makes sense of the post-apartheid political economy through the lives of the many people who live and survive in it every day.