Here’s What South Africa’s Richest Men are Investing In

Fans of the Pretoria-based club should start planning their trophy celebrations now, because it looks like a serious windfall is coming their way – thanks to two of South Africa’s richest men. As it stands, Johann Rupert owns a 50% stake in the Blue Bulls. But Patrice Motsepe is understood to be preparing a bid that claims 37.5% for himself, and reduces Rupert’s input to the same number. Together, they would form a multi-billion rand alliance and take a controlling stake of the club, leaving just 25% for other investors. The ties between the Pretoria-based outfits are likely to strengthen once Motsepe gets on board. With him and Rupert controlling the chequebooks – and boasting a combined fortune of $9 billion in the coffers – a new dawn is on the horizon for this domestic giant.

SOURCE: THE SOUTH AFRICAN

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