Global Courant 2023-04-19 11:28:22
Parliament has published the Register of Members’ Interests for 2022, revealing the declared financial, property and other interests of South Africa’s MPs over the past year.
The statements are published in terms of the Code of Ethical Behavior and Reporting Financial Interests, which states that MPs must declare their financial interests annually.
This includes directorships, partnerships, consultancies, sponsorship and financial aspects such as shares and other financial interests in companies and other legal entities, as well as paid work outside parliament.
Gifts and hospitality in excess of R1,500 must also be declared, as well as any other benefit of a material nature.
While “nothing to disclose” pops up on the register more often than not, some MPs give a lot of detail about their financial interests. One such MP is Pravin Gordhan, Minister of Public Enterprises, who detailed his various shareholdings with JSE-listed companies.
According to the minister’s statements, when the interests were registered, he held just under R4 million in shares in various groups.
The interests range from shares valued at R550 to holdings of R453,900 in Absa Bank.
Minister of Public Enterprises Pravin Gordhan
Company Number of shares Nature of shares Value Mr Price Group 65 Ordinary R14 073.15 Thungela Resources 6 Ordinary R1 103.34 Reinet Investments SCA 55 Ordinary R18 026.80 Sasol 35 Ordinary R12 425.00 Absa Bank 510 Preferent R453 900.00 Firstrand 2 200 preferent R210 Bank2 2 200 Preference R203 500.00 PSG Group 270 Ordinary R25 868.70 Rand Merchant Investment Holdings 1 200 Ordinary R62 628.00 Standard Bank Group 350 Ordinary R50 R50 300.00 SPARCOM3.00 320.00 Hyprop Investments 2 000 Ordinary R70 000.00 Stor – Age Prop Reit LTB 3 000 normal R44 340.00 Vukile Property Fund 2 400 ONE R33 744.00 Satrix Nasdaq 2 300 ETF R286 350.00 Sygnia USCIPORT CORPORT CORRIP CORRIPORT 505.00 SYGNIA ITINURE R49 PRASTINE R49 1649 1649.00 REGELRIX R49 1649 ShopRite Holdings 400 Gewone R94 664.00 Sasol 100 gewone R35 500.00 Woolworths Holdings 500 Gewone R28 890.00 BHP Group 180 gewone R102 528.00 Mediclinic 350 gewone R24 178.00 Mr Prijs Groep 450 gewone R28 146.30 Mtn Group 450 Mtn Group 450 Mtn Group 450 Rodinary R85 500.00 ProSUS NVAl R28 146.30 MTN GROUP 450 MTIN R28 146.30 Mtn Group 450 MTN ROFAD R28 146.30 MTN GROUP 450 MTIN R28 146.30 MTN GROUP 450 MTIN. Opt 500 Normal R550.00 Sygnia ITRIX Eurostoxx50 4 000 ETF R256 800.00 Anglo American 923.60 REMGRO 350 Norm2 437.00 Vodacom Group 250 Normal R40 000.00 Absa Group 300 Normal R57 132.00 ASSEN PHARCAKARE Normal R19 863. 280.00 Aspen Pharmacare Holdings 65 Ordinary R12 910.95 BHP Group 51 Ordinary R29 049.60 British American Tobacco 30 Ordinary R18 10 Ordinary R7 957.60 Remgro 83 Ordinary R12 435.60 Shoprite Holdings 65 Ordinary R15 382.90 Woolworths 200 Ordinary R11 556.00 Quilter Ordinary R19 306.00 Sanlam 1,000 Ordinary R72 200.00 MTN Group 185 Ordinary R308 30.30 Total
However, Gordhan is not the only MP to declare interests in local businesses. Here are all the shareholdings declared by South Africa’s ministers:
Home Secretary – Aaron Motsoaledi
Declared shareholdings worth approximately R300,000.
Company Number of shares Type of shares Value Investec Pension Annuity Ordinary R270 000.00 Old Mutual 900 Ordinary R16 200.00 Media24 500 Ordinary R10 000.00 Total R296 200
Secretary of Health – Joe Phaahla
Stated his business interests and holdings, including a R4 million stake in a coal company. His total declared interests are worth approximately R4.7 million.
Company Number of Shares Type of Shares Value Ubunto-Bothoo Trust 1 000 BB-BEE R100 000.00 African Rainbow Minerals 9 200 BB-BEE R92 000.00 Summer Trading 50% Ordinary R500 000.00 Mbuyelo Coal 4% Ordinary R4 000 000.00 Mapha Farming 25% Dormant Private company R0.00 Total R4 692 000
Minister of International Relations and Cooperation – Naledi Pandor
Declared equity interests worth more than R1 million, although the par value of its interests in Sasol Inzalo was not disclosed.
Company Number of Shares Nature of Shares Value Old Mutual 300 Ordinary R4 000.00 Sasol Inzalo 54 Sasol Not Available Sanlam 342 Ordinary R15 000.00 Nedbank Investment Investment R120 000.00 Nedbank Investment Investment R600 000.00 Standard Bank Investment Unit Trust R290 000 .00 Total R1 029 000
Minister in the Presidency – Khumbudzo Ntshavheni
Declared equity interests just under R400,000.
Company Number of shares Nature of shares Value Coronation 838 Unit trust (Private) R94 743.00 Old Mutual 6118 Unit trust (Private) R122 786.00 Satrix 5380 Unit trust (Private) R180 005.00 Total R397 534
Minister of Cooperative Governance and Traditional Affairs – Thembi Nkadimeng
Company Number of shares Type of shares Value Sasol Inzalo 100 Shares R100 000
Minister of Defense and Military Veterans – Thandi Modise
Company Number of shares Type of shares Value Sanlam 700 Ordinary R40 000
Minister of Social Development Minister – Lindiwe Zulu
Company Number of Shares Nature of Shares Value MTN – BB-BEE R200 000
Other ministers stated the interest in some companies, but did not provide further details on the amount or the nominal value.
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