The Stellenbosch Mafia
eBook - ePub

The Stellenbosch Mafia

Inside the Billionaire's Club

  1. 240 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

The Stellenbosch Mafia

Inside the Billionaire's Club

About this book

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.

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Key takeaways

AI-Generated Insights
Insight 1

Analyze the historical and social factors that contributed to the rise of the Stellenbosch business elite and their accumulation of wealth and influence within South African society.

Insight 2

Evaluate the intricate networks of boardroom memberships, alliances, and family connections that characterize the Stellenbosch business community and their broader impact on South African business and cultural life.

Insight 3

Critically assess the business practices and financial decisions of prominent Stellenbosch figures, including the factors leading to significant corporate failures and the identification of associated risks.

Information

Publisher
Jonathan Ball
Year
2019
Print ISBN
9781868429189
eBook ISBN
9781868429196

Table of contents

  1. Title Page
  2. Table of Contents
  3. Dedication
  4. Cast of characters
  5. Acronyms and abbreviations
  6. Preface
  7. 1. A powerful elite, out of touch and out of reach
  8. 2. Stellenbosch: Life in the Bubble
  9. 3. The white monopoly capitalist
  10. 4. The first Afrikaner businessman
  11. 5. Making money during apartheid
  12. 6. Old money and the Stellenbosch originals
  13. 7. The roar of the maroon machine
  14. 8. Markus Jooste and his big ego
  15. 9. Twickenham, test rugby … and the Germans
  16. 10. Three red flags: Norfolk pines, racehorses and mattresses
  17. 11. The artful dodger: Jooste runs away
  18. 12. Christo Wiese’s ‘little mistake’
  19. 13. Turning new money into old
  20. Afterword
  21. Notes
  22. Acknowledgements
  23. About the book
  24. About the author
  25. Imprint page

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