South Africa

Pravin Gordhan’s R6 million share portfolio revealed

Pravin Gordhan

Public Enterprises Minister Pravin Gordhan owns shares in some of South Africa’s largest companies, including Sasol, Absa, FirstRand, Standard Bank, Vodacom, MTN, Shoprite, Richemont, Remgro, Sanlam, and Prosus.

This was revealed by Parliament’s Joint Committee on Ethics and Members’ Interests in its register of members’ interests for 2023.

To ensure transparency and build public trust and confidence in Parliament, members must declare their significant business holdings, shares owned, and gifts received. 

The register only includes declarations from Members of Parliament (MPs), which means that President Cyril Ramaphosa and the two cabinet ministers he appoints who are not MPs are not required to declare their interests.

As Public Enterprises Minister, Gordhan is the shareholder representative of the government at South Africa’s state-owned enterprises (SOEs), including Eskom, Transnet, the Post Office, and SAA. 

For his role in providing oversight of these SOEs, Gordhan has come under heavy criticism as their performances have deteriorated steadily during his tenure. 

Gordhan declared a litany of gifts and a R3 million flat in Durban. The gifts Gordhan received included a small desk display from the CCO of Karpowership South Africa. 

The Minister also received gifts from the Chinese Ambassador, a Minister from the United Arab Emirates, the Chinese Energy Conference, and various gifts from Chinese businesspeople. 

Gordhan has an extensive investment portfolio worth R5.89 million, covering many of South Africa’s largest listed companies and a handful of exchange-traded funds (ETFs). 

This excludes his pension with the Government Employees Pension Fund. 

Gordhan owns shares in many blue-chip companies such as Sasol, Absa, Standard Bank, FirstRand, Vodacom, MTN, Shoprite, Anglo American, Bidvest, British American Tobacco, and Sanlam. 

He also owns shares in Johann Rupert-owned Remgro, Richemont, and Reinet Investments. 

Gordhan’s collection of ETFs is predominantly feeder funds that invest in index-tracking funds in the United States and Europe. The Minister also has a government bond ETF and a property ETF. 

Below is a table of Gordhan’s investment portfolio. 

Name of CompanyNumber of SharesNominal Value
Mr Price Group LTD435R62,727
Reinet Investments S.C.A205R74,837
Reinet Investments S.C.AUndeclaredR23,053
Sasol Limited270R64,800
ABSA Bank Limited300R54,534
ABSA Group Limited Pref500R420,750
Reinet Investment SCA1,450R87,551
Standard Bank Group Pref2,200R191,730
Standard Bank Group350R60,484
Vodacom Group520R63,461
Growthpoint Prop6,000R78,360
Hyprop Inv LTD2,000R59,400
Stor – Age Prop Reit LTB3,000R38,550
Vukile Property Fund LTD2,400R29,856
BID Corporation LTD365R145,453
Shoprite Holdings LTD443R98,461
BHP Group Limited215R120,944
Compagnie Fin Richemont OPT500R1,025
Compagnie Fin Richemont250R70,863
Anglo American PLC101R59,186
Capitec Bank Holdings10R16,877
Firstrand LTD Pref30R98,789
Aspen Pharmacare 535R98,001
British American TOB PLC130R81,340
Bidvest LTD550R139,381
Nedbank Group170R36,865
Prosus NV182R252,787
Quilter PLC2,550R47,175
Sanlam Limited1,550R87,374
Anheuser-Busch Inbev SA NV90R107,011
Mondi PLC100R28,113
Ninety One PLC650R26,540
Remgro LTD433R58,208
Outsurance Group1,750R61,128
Equites Prop Fund LTD2,460R37,810
NGI Private Wealth Bond71,042R691,780
Nedgroup INV Core Income721,231R723,755
N WF 00801 June 2023180R286,554
MTN Group LTD550R70,109
Sygnia Itrix MSCI US ETF6,000R405,000
Sygnia Itrix Eurostoxx50 ETF4,225R353,717
SATRIX Property Portfolio ETF1,600R13,984
SATRIX S&P 500 Feeder ETF600R44,784


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